Determine the net capital loss deduction for current year

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Problem

In the current year, Elizabeth Munoz has a taxable capital gain of $20,000 from disposing of shares of various public companies. She has a net capital loss of $7,500 from 1998 when the capital gains inclusion rate was 3/4. Get the instant assignment help. Determine the maximum net capital loss deduction for the current year.

Reference no: EM133931747

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