This is an accounting problem that is about taxation, so I have placed it in the subject "Accounting." Chegg does not have a "taxation" category to select, and "Accounting" is the only topic that relates to this question.

Problem 17-35 (c) (LO. 2) WhatIf3

During 2015, Hansol Corporation has net short-term capital gains of $178,000, net long-term capital losses of $245,000, and taxable income from other sources of $810,000. Prior years' transactions included the following:

2011 net short-term capital gains	$18,000
2012 net long-term capital gains	35,000
2013 net short-term capital gains	0
2014 net long-term capital gains	22,000

If an amount is zero, enter "0".

a. How much is Hansol's net capital loss for 2015? (#1)$__________

What is the amount of the capital loss deduction on Hansol's 2015 tax return? (#2)$__________

Any excess net capital loss is carried back or forward as a (#3)____________________(Short-term capital gain/Short-term capital loss/Long-term capital gain/Long-term capital loss)

b. Of the excess 2015 net capital loss, how much is carried back to the previous years? (#4)$__________

c. Compute the amount of capital loss carryover to 2016 and future years. (#5)$__________

Indicate the years to which the loss may be carried. Select "Yes or No", which ever is appropriate.

2016	(#6)_________(Yes/No)
2017	(#7)_________(Yes/No)
2018	(#8)_________(Yes/No)
2019	(#9)_________(Yes/No)
2020	(#10)_________(Yes/No)

d. If Hansol is a sole proprietorship, rather than a corporation, how would the owner report these transactions on the taxpayer's 2015 tax return?

Hansol offsets (#11)$__________ of capital gains against her (#12)__________(Capital/Ordinary) losses and (#13)__________(Adds/Deducts) an additional (#14)$__________ in capital (#15)__________(Gains/Losses). The remaining (#16)$__________ is (#17)$___________________(By election, foward 5 years/Carried backward 3 years/Carried backward 3 years; then foward 5 years/Carries foward indefinitely)

#1.

#2.

#3.

#4.

#5.

#6.

#7.

#8.

#9.

#10.

#11.

#12.

#13.

#14.

#15.

#16.

#17.