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Coyote Enterprises,an S Corporation,had a Capital Loss of $50,000 During

Question 30

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Coyote Enterprises,an S corporation,had a capital loss of $50,000 during the year.Gerald,who owns 40% of Coyote's stock,may report $20,000 of Coyote's capital loss on his individual Federal income tax return (Form 1040).

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