Ling earned $27,000 last year. She had $15,000 in taxable capital gains and $46,000 in allowable capital

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Ling earned $27,000 last year. She had $15,000 in taxable capital gains and $46,000 in allowable capital losses. How much of her allowable capital loss can she deduct this year ?

a. $42,000

b. $15,000

c. $23,000

d. $46,000

Related Book For answer-question

Canadian Income Taxation planning and decision making

ISBN: 9781259094330

17th edition 2014-2015 version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Aug 06, 2021 09:51 PM

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Ling earned $27,000 last year. She had $15,000 in taxable capital gains and $46,000 in allowable capital

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Ling earned 27000 last year She had 15000 in taxable capital gains ... View the full answer

Canadian Income Taxation planning and decision making

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