Larry Laplante had net capital losses of $15,000 in the taxation year ending December 31, 1999. He
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Larry Laplante had net capital losses of $15,000 in the taxation year ending December 31, 1999. He had capital gains of $7,000 in 2016. He has had no other capital gains or losses.
REQUIRED
Determine the maximum amount to be deducted in the 2016 taxation year.
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Related Book For
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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