Dr. Jarod Jones is 36 years old and is in the process of getting a divorce. As part of the divorce proceedings, Dr. Jones must sell a number of his assets and holdings in order to divide the assets of the marriage and pay a large settlement to his former spouse, Jillian Jones. Dr. Jones has provided you with the following list of assets that he sold in the current year, including the asset cost and the proceeds of disposition: (Click the icon to view the list of assets.) Requirement 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. Fill in the table below showing the capital gain (or loss) for each item. (Round your answers to the nearest cent. Enter losses with parentheses or a minus sign.) Requirements 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. 2. Calculate the net taxable capital gain for Dr. Jarod Jones for the current year. 3. Dr. King has a capital loss carry-forward from a prior year. He asks you the following questions: (a) What are the rules in regard to the carry-back and carry-forward rules for capital losses? Do these rules differ from the rules that apply to non-capital losses? (b) Capital loss carry-forward: Can a taxpayer choose when to apply capital loss carry-forwards? Give an example of when a taxpayer may choose not to deduct capital loss carry-forwards in the current year, even though the taxpayer has realized a taxable capital gain in the year. (c) Dr. Jones asks you about the "ordering rules" in regard to loss carry-forwards. Explain your response. Dr. Jarod Jones is 36 years old and is in the process of getting a divorce. As part of the divorce proceedings, Dr. Jones must sell a number of his assets and holdings in order to divide the assets of the marriage and pay a large settlement to his former spouse, Jillian Jones. Dr. Jones has provided you with the following list of assets that he sold in the current year, including the asset cost and the proceeds of disposition: (Click the icon to view the list of assets.) Requirement 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. Fill in the table below showing the capital gain (or loss) for each item. (Round your answers to the nearest cent. Enter losses with parentheses or a minus sign.) Requirements 1. Calculate the capital gain (or loss) for each of the dispositions in the current taxation year. 2. Calculate the net taxable capital gain for Dr. Jarod Jones for the current year. 3. Dr. King has a capital loss carry-forward from a prior year. He asks you the following questions: (a) What are the rules in regard to the carry-back and carry-forward rules for capital losses? Do these rules differ from the rules that apply to non-capital losses? (b) Capital loss carry-forward: Can a taxpayer choose when to apply capital loss carry-forwards? Give an example of when a taxpayer may choose not to deduct capital loss carry-forwards in the current year, even though the taxpayer has realized a taxable capital gain in the year. (c) Dr. Jones asks you about the "ordering rules" in regard to loss carry-forwards. Explain your response