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18. Green Corporation (a closely held, non PSC) earns active income of $150,000 and receives $80,000 in dividends during the year. In addition, Green incurs
18. Green Corporation (a closely held, non PSC) earns active income of $150,000 and receives $80,000 in dividends during the year. In addition, Green incurs a loss of $175,000 from an investment in a passive activity. Assuming that Greens at-risk amount is sufficient, calculate Greens taxable income for the year and Greens suspended passive activity loss if any) for the year. (4 points)
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