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A corporation has a taxable ordinary income of $ 60,000. Additionally, during the same year, the corporation realizes a long-term capital loss of $ 10,000
A corporation has a taxable ordinary income of $ 60,000. Additionally, during the same year, the corporation realizes a long-term capital loss of $ 10,000 due to the sale of some financial instruments. If the corporation has no other capital gains or losses; What would be the appropriate tax treatment on your tax return for the 10,000 loss of capital?
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