John Broley has a $50,000 non-capital loss carry forward and a $50,000 net capital loss...
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Accounting
John Broley has a $50,000 non-capital loss carry forward and a $50,000 net capital loss carry forward. During the current year, his only income is a $50,000 taxable capital gain. He has asked your advice as to which of the two loss carry forwards he should deduct. What advice would you give him?
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