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For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account any applicable
For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account any applicable carrybacks) and the capital loss carryforward to 2021, if any. Corporation A Capital gain or loss for year indicated 2016 2017 2018 2019 $ 7,000 $ (10,000) $ 5,000 $ 3,000 3,000 3,000 4,000 (20,000) 9,000 (3,000) 2,000 (20,000) 7,000 3,000 11,000 10,000 2015 $ 4,000 5,000 5,000 (50,000) B 2020 $ (1,000) 2,000 8,000 2,000 D Assume that 2015 is the first year of operation for each corporation. Note: Do not leave cells blank, enter "O" if there is no effect. Reported capital gains Carried forward capital losses Corporation 2015 2016 2017 2018 2019 2020 2021 A $ 0 $ 1,000 $ 0 3,000 $$ $ 0 $ 0 oo B $ $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ ololo $ 0 $ D 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
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