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Assume for purposes of this question that John is considering selling the boat and equipment because he was diagnosed with cancer. Assume the sale of
Assume for purposes of this question that John is considering selling the boat and equipment because he was diagnosed with cancer. Assume the sale of the boat would generate a $17,000 loss. One of his friends told him, Look on the bright side. You can deduct that loss against the possible gain from that Gold ETF that youre thinking of selling. Is Johns friend correct
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