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Unformatted text preview: During 2008, the business reports another loss totaling $15,000. In 2009, the business earns $11,000. At the beginning of 2010, Jane sells the business for a gain of $13,000. Required : How much of the loss can Jane deduct in each year (2007-2010)?...
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This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.
- Fall '08