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2. Arnold Shriver purchased interest in two limited partnerships six years ago. During the tax year, Arnold had income of $22,000 from one of the

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2. Arnold Shriver purchased interest in two limited partnerships six years ago. During the tax year, Arnold had income of $22,000 from one of the partnerships. He had a loss from the other partnership of $32,000, salary income of $35,000, and dividend income of $2,000. What is Arnold's net passive income or loss before any limitations? a. $8,000 net loss b. $10,000 net loss c. $22,000 net loss d. $32,000 net loss

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