Dorothy acquired passive Activity A in January 2008 and Activity B in 2009. Through 2011, Activity A

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Dorothy acquired passive Activity A in January 2008 and Activity B in 2009. Through 2011, Activity A was profitable, but it produced losses of $200,000 in 2012 and $100,000 in 2013. Dorothy has passive income from Activity B of $20,000 in 2012 and $40,000 in 2013. After offsetting passive income, how much of the net losses may she deduct?
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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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