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25 March, 08:26

The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is: Multiple Choice

a) $3,000.

b) $5,000. $0,

losses are not deductible. There is no maximum. All losses are allowed to be deducted. None of the choices are correct.

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Answers (1)
  1. 25 March, 11:53
    0
    Answer:Loss are not deductible.

    Explanation:

    Net capital losses are not allowed as deduction from income for tax purposes. They may have been unreasonably incurred.
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Home » Business » The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is: Multiple Choice a) $3,000. b) $5,000. $0, losses are not deductible. There is no maximum. All losses are allowed to be deducted.
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