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The following four Cases make different assumptions with respect to the amounts of income and deductions of Kyrie Maddox for the current year. Required For
The following four Cases make different assumptions with respect to the amounts of income and deductions of Kyrie Maddox for the current year. Required For each Case, calculate Mr. Maddox's Net Income (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. Cases Case A. What is Mr. Maddox's Net Income (Division B income)? Case A. What is the amount and type of any loss carry overs that would be available at the end of the current year in this case, if any? (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) Case B. What is Mr. Maddox's Net Income (Division B income)? Case B. What is the amount and type of any loss carry overs that would be available at the end of the current year in this case, if any? (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) What is the amount of net capital loss carry overs? What is the amount of non-capital loss carry overs? What is the amount of non-capital loss carry overs? Case C. What is Mr. Maddox's Net Income (Division B income)? Case C. What is the amount and type of any loss carry overs that would be available at the end of the current year in this case, if any? (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) What is the amount of net capital loss carry overs? What is the amount of non-capital loss carry overs? Case D. What is Mr. Maddox's Net Income (Division B income)? Case D. What is the amount and type of any loss carry overs that would be available at the end of the current year in this case, if any? (For entries with a $0 balance, make sure to enter "0" in the appropriate input field.) What is the amount of net capital loss carry overs? What is the amount of non-capital loss carry overs
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