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Topic: R1- Please help me in this question (

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osama yasin
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Newbie

Joined: 03 Oct 2011
Location: Jordan
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Posts: 40

Posted: 13 Jul 2012 at 12:07 \| IP Logged

hi everybody

can u help me in this question ? can I know the (3000) $ how to compute it ?

thanks

Fella
Contributor

Joined: 19 Nov 2011
Location: United States
Online Status: Offline
Posts: 68

Posted: 13 Jul 2012 at 14:11 \| IP Logged

must be an error in answer. It is definitely $59,000. Just
look at the Income Tax return itself on the first page. The
maximum capital loss a taxpayer may deduct on his tax
return is $3,000 it's a given by the law. Unless you have
married filing separately, then it's $1,500 for each.

osama yasin
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Newbie

Joined: 03 Oct 2011
Location: Jordan
Online Status: Offline
Posts: 40

Posted: 14 Jul 2012 at 02:38 \| IP Logged

Please can you give me a number of page in becker book? because I didn't find it everywhere.

Thanks,

bennymangan
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Joined: 10 Jan 2012
Location: Kuwait
Online Status: Offline
Posts: 10

Posted: 14 Jul 2012 at 02:53 \| IP Logged

As an invidual you can deduct capital loss maximum of 3000/-

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