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8 If Dickerson Associates had taxable income (or loss) as follows. Which of the following is most CORRECT? Year 2019 2020 2021 2022 2023 Taxable

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8 If Dickerson Associates had taxable income (or loss) as follows. Which of the following is most CORRECT? Year 2019 2020 2021 2022 2023 Taxable Income ($20,000) $5,000 $8,000 ($5,000) $10,000 past 2023 a. Under the old tax laws, a loss of $3,000 is able to be carried forward past 2023. b. Under the old tax laws, no loss is able to be carried forward c. Under TCJA, a loss of $2,000 is able to be carried forward past 2023. d. Under TCJA, $6,600 loss is able to be carried forward past 2023. e. None of the above Which of the following is most CORRECT? If a wealthy corporation owns real estate for 3 years and then sells it, the tax on the profit would a

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