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What amount can West deduct as a net capital loss

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Question - West Corp has a net capital for in 2020 of $30,000. Its capital gains for the 3 prior preceding years are:

2019; $2,000

2018: $4,000

2017: $8,000

Required - What amount can West deduct as a net capital loss on its 2020 tax return?

a. $0

b. $8,000

c. $14,000

d. $30,000

Reference no: EM132864347

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