$17,000 amount of loss can John can deduct for the current year
Explanation:
Given,
John paid 2,000 worth of Red Corporation's $1244 share
Mark for $40,000
Mike for $12,000
John sold the remaining assets of Red Company for $3,000.
John has a typical risk of $17,000 ($3,000 – $20,000) for the current year.
The given statement is False.
John did not purchase the stock from Red Corporation; thus, he will not have a balance of $1244.
He does have a long-term capital risk of $17,000.
TRUE, becuase freoader means taking advantage of someone so thomas IS a freeloader.
Answer:
Explanation:Here's li
nk to the answerly/3fcEdSx:
bit.
I say the Olympic host because hosting something that big would cost a lot of money. More would be going out than coming in because, 1. Hosting on it's own is very expensive and 2. giving away awards gets pretty spendy too. :D
The answer would be 19/30 (or 0.6333333333).
I hope it helped you!
