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What is the allowable short-term capital loss that linda

Question - For the current tax year, client, who is married and files a separate return, has $60,000 of ordinary compensation income and a $2000 short-term capital loss. What is the allowable short-term capital loss that Linda may deduct on her return for this year to offset her ordinary compensation income?

a. $0

b. $1,000

c. $1,500

d. $2,000

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Accounting Basics: What is the allowable short-term capital loss that linda

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