Question: Name: BUM 369' Chapter 11 Homework Halon Charest has asked for you assistance in prepaIing his 2019 tax return. He provides you with the following

Name: BUM 369' Chapter 11 Homework Halon Charest has asked for you assistance in prepaIing his 2019 tax return. He provides you with the following information: In 2005 Eamon sold a qualifying farm property for a gain of $22,. He used his lifetime capital gains deduction to eliminate the entire gain. In 2010 Aaron had a capital loss of $9 on the disposal of the shares of a publicly traded company. As he had no capital gains dun'ng the year he was unable to use the losses. In 2019 amn realized a capital gain of $515,0t] on the sale of shares of a qualifying small business corporation. Also in sols Aaron had a capital gain on the sale of a rental house of will-tilt}. Aaron would like to use the full $911K!) of loss carryover (created in 21) this year to reduce his taxable income. Aaron does not have a CNIL balance. Calculate Aaron's maximum lifetime capital gains deduction. You must show all calculations for full marks

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