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Business, 19.11.2019 06:31 debk

Mike sold equipment he is no longer using in his business at a loss of $4,000, and he sold investments at a loss of $8,000. mike had no other sales of property in the current year. what are the tax implications of these losses to mike?

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Mike sold equipment he is no longer using in his business at a loss of $4,000, and he sold investmen...
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