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Listen Ms. Burke had erployment income of $17,000 and net rental income of $8,500. Her unincorporated business lost $12,300 during this period. As the
Listen Ms. Burke had erployment income of $17,000 and net rental income of $8,500. Her unincorporated business lost $12,300 during this period. As the result of dispositions of capital property, she had taxable capital gains of $17,400 and allowable capital losses of $19,200. Her Subdivision e deductions for the year totaled $6,300. Fortunately for Ms. Burke, she won $1,000,000 in a lottery on March 3. Required: Calculate Ms. Burke's Net Income For Tax Purposes (Division B income). Indicate the amount and type of any loss carry overs that would be available at the end of the current year, or state that no carry overs are available.
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