Tatoo Incorporated reported a net capital loss of $13,000 in 2020. The company had a net capital gain of $4,300 in 2018 and $3,000 in 2017. In 2019, although the company suffered a net operating loss, it had net capital gains of $1,000. What is the amount of Tatoo's capital loss carryover to 2021 remaining after it applies the carryback?

A) $4,700. B) $5,700. C) $8,700. D) $13,000.

Studios reported a net capital loss of $30,000 in Year 5. It reported net capital gains of $14,000 in Year 4 and $27,000 in Year 6. What is the amount and nature of the booktax difference in Year 6 related to the net capital carryover?

A) $11,000 unfavorable. B) $11,000 favorable. C) $16,000 unfavorable. D) $16,000 favorable.

Answers are bolded. Please explain how to calculate these numbers.