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What is the maximum amount of the capital gains reserve

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Reference no: EM132840582

Question - During 2018 An additional $40,000 will be paid in 2019, an individual sells a capital asset with an adjusted cost base of $122000. The sales price is $180535, with $40,000 of this amount being paid immediately, with the balance due in 2020. What is the maximum amount of the capital gains reserve that can be deducted for?

Reference no: EM132840582

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