The Deweys are expecting to save on their taxes for 2019. Not only have both incurred large medical expenses, but both reached age 65. During the year, they also recognized a $30,000 loss on some land they sold which was purchased as an investment several years ago. Are the Deweys under a mistaken understanding regarding their tax position? Explain.
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week 2 forum 6 was first posted on June 30, 2020 at 11:19 pm.
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