In 2010 pearl had taxable income of approximately 50000. in, Ask an Expert

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In 2010, Pearl had taxable income of approximately $50,000. In 2010, Pearl also had a long-term capital loss of $12,000. Pearl has no other capital gains or losses (in 2010 or prior years). For 2010, what is the maximum capital loss amount that Pearl may use to offset her other income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M974035

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