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    Individual Taxation
  4. Exam
    Exam 19: Taxation of Business Forms and Their Owners
  5. Question
    Individuals and C Corporations May Reduce Income by 100 Percent
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Individuals and C Corporations May Reduce Income by 100 Percent

Question 8

Question 8

True/False

Individuals and C corporations may reduce income by 100 percent of net capital losses but not to exceed $3,000 per year.

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