SCHEDULE € (Form 1120)
U.S, Treasury Department
Internal Revenue Service

UNITED STATES

SCHEDULE OF CAPITAL GAINS AND LOSSES
For Calendar Year 1950

Or fiscal year beginning - ., 1950, and ending .

(Insurance companies using this form see footnotes 1 to 3, inclusive)

-, 1951

PRINT PLAINLY CORPORATION'S NAME AND ADDRESS

This schedule must be
filed with and as a part of
the corporation’s income
tax return, Form i120 or
Form 1120M, for the tax-
able year, in case of sale
or exchange of capital

Do not file this form if
the corporation did not
sell or exchange any
capital assets during the
taxable year.

assets!

57 st town, posal zone number)

2 Date Acquired | 3. Dato Sold. 4, Gross Sales Price | 5. Depreciation Allowed | 6. Cost or Other Basis 7. Expense of Salo
(Conteact Pries) (or aliowable) Since ‘and Cost of Improve-
1. Desoription of Property cequisition or meats Subsequent to
| Maret 1, 1913, Acquisition or Maret 1,
Mo. Day Year | Mo. Day Year | Puruish detaits) 1913

- SHORT-TERM CAPITAL GAINS AND LOSSES—ASSETS HELD FOR NOT MORE THAN 6 MONTHS
|

5.

| 8...

. Totals.
. Net short-term capital gain (or loss) (column 4 plus column 5 minus the sum of columns 6 and 7, line 1)...
. Net capital loss carry-over * (attach statement)

‘Total net short-term capital gain (or loss).
LONG-TERM CAPITAL GAINS AND LOSSES~ASSETS HELD

FOR MORE THAN 6 MONTHS

T
| $...
|

$_. $...

. Totals.

. Total net long-term capital gain (or loss) (column 4 plus column 5 minus the sum of columns 6 and 7, Ime 5)-.
‘SUMMARY OF CAPITAL GAINS AND LOSSES

2

2 GAIN on Loss To Be Tawen Into Account
1. Casstrication ~
(@) Gain (b) Loss

7. Total net short-term capital gain (or loss) from line 4, above.
. Total net long-term capital gain (or loss) from line 6, above...

9. Total net short-term capital gain (or excess of net short-term capital gain over net long-term capital |
oss) (line 7, col. 2 (a) minus line 8, col. 2 (b)). (Enter as item 12 (a), page 1, Form 1120 ») —
10. Total net long-term capital gain (or excess of net long-term capital gain over net short-term capital loss) |
(line 8, col. 2 (a) minus line 7, col. 2 (b)). (Enter as item 12 (b), page 1, Form 1120 4). | Soe

(No net loss allowable)... - = | oxxxxxxx

COMPUTATION OF ALTERNATIVE TAX FOR CALENDAR YEAR 1950

(For other taxable years ending after Jane 30, 1950, and before December 31, 1951, see instructions on Form 1120FY)
‘USE LINES 12 70 22 ONLY IF AN AMOUNT IS ENTERED IN LINE 10, ABOVE, AND LINE 5, PAGE 3, FORM 1121, EXCEEDS $25,100

. Net Joss in column 2, lines 7 and 8.

12.
13.

Surtax net income (line 5, page 3, Form 1120)...
Less: Total net long-term capital gain (or excess of net long-term capital gain over net short-term capital loss) (line 10
of summary above)..

|. Surtax net income for purpose of alternative ta:
15.

Combined normal tax and surtax. If amount of line 14 is:
Not over $25,000; enter 23 percent of line 14 (25 percent if a consolidated return).
Over $25,000. Compute 42 percent of line 14 (44 percent if # consolidated return).

Subtract $4,750. Enter “saecect 7

16. Less: Normal tax adjustment for partially tax-exempt interest; enter 23 percent of the sum of
items 9 (a) and 9 (0), page 1, Form 1120, but not in excess of 23 percent of line 14, above...

17. Surtas adjustment for partially tax-exempt interest. If amount of line 14 is

Not over $25,000; enter zero. -

Over $25,000; enter 1 percent of the lesser of (a) sum of items 9 (a) and 9 (),

page 1, Form 1120, or (b) line 12 minus $25,000_..

18. Partial tax.
19. 25 percent of line 13, above...

Alternative tax (line 18 plus line 19)_.

Normal tax and surtax (line 9, page 3, Form 1120)..

22, Tax liability (line 20 or 21, whichever is lesser). Enter as line 10, page 3, Form 1120.

Nore. 1. Companies taxable under section 204 and having losses from capital ssols sold or exchanged in order to obtain funds to mect abnormal insurance loses, ate, chall attach a eehedule corresponding

to Schedule'D, Form 1120,

Nore 2, “Not capital loss” with respeet to companies laxablo undorsertion 204 or section 27 (a) (1) ot, means she amount by whieh the ose far che taxable yor from sles o exchanges of capital

assots guswed tho sti bt the gatas from such sales or exehanges and the lesser of (1) the corporation surtax nct income’ (computed without regard to gains or losses from salos or exchanges of capital assets) or

{(D nases tout the salo oF exehange of capital assots sold or exebanged to obtain fands to moot abnorsal insurance losses and to provide for the payment of dividends and sitnilar distributions to polieyholders,
fone. 3. For companies taxablo tndor section 207 (a) (1) or (3), all references to “item” or “line” numbers, Form 112), shall be egnsidored as references to the appropriate “item” or “lino” in Form 1120.

‘pe necessary for such companies to substitata, in lou of lings 18 to 15, Inclusive, a computation conforming to that on page 2 of Form 120M.

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