Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

In 2018, michael had earned income of $40,000, gains of $5,000 from stock transactions, and an $8,000 loss from the sale of his boat. how much could he write off in capital losses?