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The capital gain reported in 1994 was gain on the sale of
the New Jersey house.
The business income reported each year was attributable to
three activities that were reported on separate Schedules C,
Profit or Loss From Business--one for Mr. Wood’s consulting
business (the consulting business Schedule C), one for his
property management/real estate activity (the property management
Schedule C), and one for a distributorship (the distributorship
Schedule C). The Schedules C reported aggregate net operating
losses each year as follows:
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Last modified: May 25, 2011