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Unformatted text preview: certain publicly held partnerships can deduct loss or gains on the stock. For individuals the tax law provides an excetion on losses from sale or worthless small business. Maximum of 50,000 any trade or business in which the taxpayer does not materially participate as well as any rental activity...
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This note was uploaded on 03/26/2012 for the course ACCT ACCT210 taught by Professor Challanworthington during the Spring '10 term at S. Alberta Tech.
- Spring '10