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eficiency interest and Problem 19. Mr. X reported the following in 2020 and 2021: Net income before dealings in capital assets Dealings in capital assets:

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eficiency interest and Problem 19. Mr. X reported the following in 2020 and 2021: Net income before dealings in capital assets Dealings in capital assets: Capital gains Capital losses 2020 P80,000 2021 P150,000 20,000 (60,000) 80,000 (50,000) Q1. What is the taxable income in 2021? Q2. Assuming net loss before dealings in capital assets in 2020 was (P10,000), what is the taxable income in 2021

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