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12 points (4) Jenny has a loss of $45,000 in WOW partnership. She does not materially participate in the WOW partnership, but she is hoping

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12 points (4) Jenny has a loss of $45,000 in WOW partnership. She does not materially participate in the WOW partnership, but she is hoping she can deduct all of her loss. She has invested $30,000 into WOW and has determined that she is "at risk" for $25,000 of her amount invested. Other pieces of information that may be helpful: Jenny has $80,000 in wages this year, $5,000 long term capital gain, and $3,500 income from an investment in a limited partnership. Provide the following information for Jenny: Show your work

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