Boo, Inc. (a C corporation) has $20,000 in long-term capital gains, $40,000 in short-term capital...
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Boo, Inc. (a C corporation) has $20,000 in long-term capital gains, $40,000 in short-term capital losses, and a $8,000 net Section 1231 gain. How much of the $40,000 in short-term capital losses can Boo, Inc. deduct on their current year corporate tax return?
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