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Duane sold the shares of an arm's-length small business corporation in Year 1, resulting in a capital loss of $2,000. If all of the conditions for an allowable business loss are met, Duane will recognize which of the following? - ITA 3(b) deduction of $2,000 in Year 1. - ITA 3(d) loss of $2,000 in Year 1. - ITA 3(b) gain of $1,000 in Year 1. - ITA 3(d) deduction of $1,000 in Year 1.
Sagot :
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