Question: Dave and Jane file a joint return. They sell a capital asset at a $ 1 5 0 ; 0 0 0 loss. Even though

Dave and Jane file a joint return. They sell a capital asset at a $150;000 loss. Even though they have no capital gains, $6,000 of the loss can still be deducted in the current year.
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False
Dave and Jane file a joint return. They sell a

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