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QUESTION 12 James Corporation, a calendar year S Corporation has an Operating Loss of $100.000 and a Long Term Capital Loss of 520 for the

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QUESTION 12 James Corporation, a calendar year S Corporation has an Operating Loss of $100.000 and a Long Term Capital Loss of 520 for the year of 2020 yanindows forty percent (40%) of the stock of James Corporation and has a $36.000 basis in her stock at the beginning of the year of 2020 What amount of the Long Term Capitalcan Sy debud on her personal Federal Income Tax Return (Form 1040) for the year of 20207 536.000 $ 8.000 5 6.000 $20,000

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