Question
In 2018, Tom has a taxable capital gain of $30,000 from the sale of shares in a qualified small business corporation (QSBC), and an allowable
In 2018, Tom has a taxable capital gain of $30,000 from the sale of shares in a qualified small business corporation (QSBC), and an allowable capital loss of $8,000. He has a carry-forward net capital loss of $10,000. He has never used the capital gain deduction CGD. What would be the maximum CGD that Tom can claim in 2018?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
5th Edition
0324233108, 978-0324233100
