Part I: During 2013, Gain Corporation has net short-term capital gains of

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

Part I: During 2013, Gain Corporation has net short-term capital gains of

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

Part I: During 2013, Gain Corporation has net short-term capital gains of

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.

$15,000, net long-term capital losses of $105,000, and taxable income

from other sources of $460,000.

Prior years’ transactions included the following:

2009

2010

2011

2012 net

net

net

net short-term capital gains

long-term capital gains

short-term capital gains

long-term capital gains $40,000

18,000

25,000

20,000 How are the capital gains and losses treated on Gain’s 2013 tax return?

Determine the amount of the 2013 capital loss that is carried back to each of the

previous years.

Compute the amount of capital loss carry forward, if any, and indicate the years to

which the loss may be carried.

Part II: Review the following potential investments by Gain Corporation Corporate Investment Scenario

1 Income from operations $700,000 $800,000 Expenses from operations ($600,00

0) Qualifying dividends $100,000 $100,000 Scenario 2 Scenario

3

$900,000 ($910,00

($850,000) 0)

$100,000 Calculate the dividends received deductions for each independent investment

scenario assuming:

10% ownership of the investment

25% ownership of the investment

90% ownership of the investment

Requirements:

Clearly identify the requirements being addressed. Show all calculations within the

cells of an Excel spreadsheet.