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An individual had employment income in 2022 of $50,000. They had loss carry forward balances as follows: net capital losses (NCL) ($20,000); non-capital losses (NonCL)
An individual had employment income in 2022 of $50,000. They had loss carry forward balances as follows: net capital losses (NCL) ($20,000); non-capital losses (NonCL) ($22,000); and farm losses from full-time farming (FL) ($24,000). What would be the maximum amount of losses they could carry forward to 2022? Group of answer choices 42,000 66,000 None of these 39,500 46,000
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