Warren Weld, a single individual taxpayer had the following capital gains

and losses for tax years 2014 through 2015

Tax year: 2014 STCH $0 STCL ($2,400) LTCG #3,900 LTCL (7,000)

Tax year 2015 STCG $1,000 STCL ($1,400) LTCG $1,800 LTCL (2,000)

What are the amounts and types of capital loss deductions for 2014, 2015, and the amounts and types of carryovers to 2015 and 2016 for Warren Weld? Please show your workand explain your calculations.

How would your answers to embedded question 1 change if Weld was a calendar year C corporation (rather than an individual) that was organized on January 1, 2013 and had no capital gains or losses in 2013? Please show your work and explain your calculations.