Employment Income Income (Loss) From Business Rental Income (Loss) Taxable Capital Gains Allowable Capital Losses Subdivision e Deductions Case A 73,400 $ (14,400) 8,700 42,300 (18,300) (6.300) Case B Case C 41,500 $ 89,200 $ (4,400) (112,400) 6,300 5,200 7,500 23,400 (11,800) (21,400) (2 900) (22 200) Case D 34,200 (48,200) (20,400) 24,600 (26,400) (6500)

Employment Income Income (Loss) From Business Rental Income (Loss) Taxable Capital Gains Allowable Capital Losses Subdivision e Deductions Case A 73,400 $ (14,400) 8,700 42,300 (18,300) (6.300) Case B Case C 41,500 $ 89,200 $ (4,400) (112,400) 6,300 5,200 7,500 23,400 (11,800) (21,400) (2 900) (22 200) Case D 34,200 (48,200) (20,400) 24,600 (26,400) (6500)

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter8: Property Transactions: Capital Gains And Losses, Section 1231 And Recapture Provisions

Section: Chapter Questions

Problem 7BCRQ

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