Question
O. McDonald has current year net employment income of $ 48,000. In addition, he has the following additional sources of income, gains, and losses: A
O. McDonald has current year net employment income of $ 48,000. In addition, he has the following additional sources of income, gains, and losses: A loss from an unincorporated business of $ 28,000 A net rental loss(income from property of $ 6,500. Interest income(income from property) of $ 2,500. A Taxable Capital Gain for the year of $ 3,200. An allowable capital loss for the year of $ 6,200. Spousal support paid (Other Deductions) of $ 20,000. Determine Jons minimum Division B - Net Income For Tax Purposes, for the current year and indicate the amount and type of any loss carry overs that are available at the end of the year. What is the Division B Income Losses?
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