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Pam owns a sole proprietorship, and Kevin is the sole shareholder of a C (regular)corporation. Each business sustained a $16,000 operating loss and a $2,500

Pam owns a sole proprietorship, and Kevin is the sole shareholder of a C (regular)corporation. Each business sustained a $16,000 operating loss and a $2,500 capital loss for the year. Evaluate how these losses will affect the taxable income of the two owners

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