D Inc.’s income for the current year consists of interest income of $8,000, a taxable capital gain of $25,000 and a business loss of $40,000. D Inc. has net capital losses of $30,000 incurred two years ago. What is the maximum non-capital loss for the current year? Calculate.

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The noncapital loss of a corporation in a given tax year is generally the excess of its deductions o... View the full answer