Question
This year,John has the following related to his Capital Gains Transaction this year: Qualified Taxable Capital Gain:$200,000 Allowable capital loss on RBC Shares sold: ($10,000)
This year,John has the following related to his Capital Gains Transaction this year:
Qualified Taxable Capital Gain:$200,000
Allowable capital loss on RBC Shares sold: ($10,000)
Last Year,he deducted an ABIL for ($20,000)
CNIL to date: ($160,000)
John's maximum Capital Gains Deduction is?
$10,000
$20,000
$20,000
$190.000
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
ISBN: 1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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