Question
Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year. What is the amount of
Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year.
What is the amount of Martha's taxable income after deducting the allowed capital loss?
A. $28,000
B. $38,000
C. $42,000
D. $45,000
E. None of the above
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3000 of the net capital loss is allowed as a ...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
