contestada

During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasure yacht for a $1,000 loss. Presuming adequate income, how much of these losses may Kim claim?
a.$0.
b.$1,000.
c.$2,000.
d.$3,000.

Respuesta :

Karabo99

Answer:

c. $ 2000

Explanation:

It is important to note that Kim can only claim losses for business related losses not personal losses.

business losses = $ 1000(business auto) + $ 1000(stock investment)

                           = $ 2000

Therefore, Kim can only claim $ 2000.

Otras preguntas