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Determine qrx taxable income for this year

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Reference no: EM133155471

Question - QRX, Inc., a C corporation owns 25% of the stock of ZZZ. This year QRX received a $50,000 dividend from ZZZ. In addition to the dividend, QRX had a net operating loss of $10,000 and a net long-term capital loss of $30,000. Determine QRX taxable income for this year.

Reference no: EM133155471

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