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Assignment 2 The following information is for Doug Santiago for the 2 0 2 3 taxation year: Doug sold shares of a qualified small business
Assignment
The following information is for Doug Santiago for the taxation year:
Doug sold shares of a qualified small business corporation QSBC for $ The ACB of the shares was $ and selling costs were $
Also, in Doug realized a business investment loss before any adjustment of $
At the end of Doug had a Cumulative Net Investment Loss CNIL balance of $
Doug has a net capital loss balance of $$ that he would like to use to minimize tax in
Doug claimed the capital gains deduction to eliminate a capital gain of $ as well as a capital gain of $
Required:
Doug has asked you to calculate his capital gains deduction for supported by all the necessary calculations. MAKE SURE TO INCLUDE ALL THE STEPS AND CALCULATIONS
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