1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
12

In the current year, Ellen sold investment stock that she had owned for five years. The sale generated a loss of $5,000. Assumin

g she had no other asset sales during the year, how should Ellen handle the loss for the current tax year purposes?
Business
1 answer:
Harrizon [31]3 years ago
6 0

Answer:

Thecoreect answer is

Ellen can deduct $3,000 for AGI

good luck

You might be interested in
Razor scooters had to issue a recall because the bolts created to connect the t-handle bars of the scooter with the board were t
Effectus [21]
<span>A restatement section 402 defect in design.</span>
5 0
3 years ago
What helps the resources and goods and services move around the circular flow?
Nostrana [21]

Answer: d. money​

Explanation: the flow of the resources, goods and services move around in a clockwise flow while money flow in an anticlockwise flow. This is to say without money, the flow of goods and services will be impossible.

4 0
3 years ago
A ____ is a gift to a retailer who purchases a specified quantity of merchandise
Setler79 [48]
Dealer loader is correct
4 0
4 years ago
Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
Tatiana [17]
The thing that would interest him the most and is an advantage is that if one partner were to make a mistake, he would not be held accountable for it. Unlike the general partnership where everyone gets equal blame for the downfall of a company, in limited liability it is known what falls under whose jurisdiction and if someone causes the company to go bankrupt, the ones whose fault it's not can't get sued.
8 0
3 years ago
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of one's annual income to
daser333 [38]

Answer:

A

Explanation:

5 0
3 years ago
Other questions:
  • Zanda Corp. wants to have a process structure that has cost advantages similar to continuous or repetitive processes, but wants
    7·1 answer
  • Why does the PCI require banks to protect customers' card data? A. to protect banks from hackers and malware B. to help improve
    6·2 answers
  • To efficiently conduct an alumni survey, a university collects data on all those who attend the annual alumni reunion on campus.
    9·1 answer
  • An upscale organic foods grocery chain is implementing an information system that will enable it to add same-day home delivery o
    5·1 answer
  • If the NCUA charges 6.3 cents per 100 dollars insured and Credit Union L pays $8,445 in NCUA insurance premiums, approximately h
    8·2 answers
  • Suppose the banking system currently has $400 billion in reserves, the reserve requirement is 8 percent, and excess reserves amo
    12·1 answer
  • Henry has a defined benefit plan that promises an annual retirement benefit based on 2% of his final 5-year average annual salar
    8·1 answer
  • Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at
    11·1 answer
  • Sales reported on the income statement were $690,000. The accounts receivable balance declined $39,000 over the year. Determine
    12·1 answer
  • an arrangement a manufacturer makes with a reseller to handle only its products and not those of competitors is called a(n)
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!