MatteBlack2871 MatteBlack2871

16-03-2019
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Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year. what is the amount of martha's taxable income after deducting the allowed capital loss

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17-03-2019

$42,000

The maximum a single taxpayer can deduct is $3,000 so subtract 3 thousand from $45,000.

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