Question
For the 2019 taxation year, John Bookman had a taxable capital gain of $45,000 and a net business loss of $45,000, resulting in a Taxable
For the 2019 taxation year, John Bookman had a taxable capital gain of $45,000 and a net business loss of $45,000, resulting in a Taxable Income of nil. Which of the following statements is correct?
A. John must file a tax return on or before June 15, 2020
B. John is not required to file a tax return for 2019
C. John must file a tax return on or before April 30, 2020
D. John must file a tax return on or before December 31, 2020
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
