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West corp has a net capital for in 2020 of $30,000. Its capital gains for the 3 prior ypreceding years are: 2019; $2,000 2018: $4,000

West corp has a net capital for in 2020 of $30,000. Its capital gains for the 3 prior ypreceding years are:

2019; $2,000

2018: $4,000

2017: $8,000

What amount can West deduct as a net capital loss on its 2020 tax return?

$0

$8,000

$14,000

$30,000

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