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Jennifer Nash is a plumber in Waterloo, Ontario, who spends all of her weekends and...

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Accounting

Jennifer Nash is a plumber in Waterloo, Ontario, who spends all of her weekends and holidays operating a farm she purchased this year. She is confident that within two years her farm will be making a profit. In the current year, the farm had a loss of $18,000. In the current year, she can deduct a maximum of $2,500 of the farm loss against other income. Question 11 options: True False

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