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    Taxation of Individuals
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    Exam 7: Investments
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    Dave and Jane File a Joint Return
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Dave and Jane File a Joint Return

Question 70

Question 70

True/False

Dave and Jane file a joint return. They sell a capital asset at a $150,000 loss. Even though they have no capital gains, $6,000 of the loss can still be deducted in the current year.

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