D loaned $250,000 to a small business corporation four years ago. By the end of...
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Accounting
D loaned $250,000 to a small business corporation four years ago. By the end of the current year, it was established none of the loan would be repaid due to financial difficulty. D claimed a capital gains deduction of $100,000 last year. What is the maximum allowable business investment loss (ABIL) for the current year?
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