In Millen you click on the 'View Summary' button you will be shown a Dack to and complete question prior to submitting your assessment, If you're uns ise for a question you may select the checkbox under the number and this question will also be list o you can easily go back to it, his year, Sven opened a golf clinic structured as a sole proprietorship, For the six months the busin operation, he recorded a net business loss of $37,500. During the winter months, Sven worked as mployee at a health club. His income from the health club for this year was $ 19,300. Last year, S me at the health club and earned $44,000. What statement is true? a ) For this year, Sven can record ($ 18,200) as his total income on his personal income tax retu of negative $ 18,200) b) Sven can apply to adjust his tax return for last year and carry back $ 18,200 in non-capital lo to reduce the employment income he earned from the health club last year. c) This year, Sven has realized an allowable business investment loss (ABIL) d) Sven can carryforward a portion of his business loss from this year to reduce his taxable inco However, his business loss can only be used to offset future taxable capital gains Next Question Previous