Solution-Evaluate how these losses will affect the taxable

Evaluate how these losses will affect the taxable income

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Reference no: EM13942233

1. Sara owns a sole proprietorship, and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the two owners?

Reference no: EM13942233

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Evaluate how these losses will affect the taxable income

Reference no: EM13942233

Reference no: EM13942233

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