Question
During the current taxation year, you had the following: - net property income of $46,287 - taxable capital gain of $12,750 -net business loss of
During the current taxation year, you had the following:
- net property income of $46,287
- taxable capital gain of $12,750
-net business loss of $83,675 in the current year
-net capital loss carryover of $6,500
What is the non-capital loss carry over balance for Barb under these assumptions?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
