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If Builtrite had experienced a long-term capital loss of $80,000 (instead of the $50,000 long-term capital loss stated in the problem), and still had the
If Builtrite had experienced a long-term capital loss of $80,000 (instead of the $50,000 long-term capital loss stated in the problem), and still had the $70,000 long-term capital gain stated in the problem, which of the following is correct:
taxable income would decrease by $10,000 | ||
taxable income would decrease by $20,000 | ||
taxable income would decrease by $30,000 | ||
taxable income would not change |
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