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26- Martin is a 20% limited partner in the BBC limited partnership. His share of the current year's ordinary loss is $30,000. Martin also works

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26- Martin is a 20% limited partner in the BBC limited partnership. His share of the current year's ordinary loss is $30,000. Martin also works as an attorney and has taxable wages this year of $200,000. He has investment income of $15,000 and his only deduction for AGI is alimony of $40,000. Which of the following statements is true? (\"'1 Martin can deduct the alimony payments of $40,000 but cannot reduce AGI for the - partnership loss of $30,000. (\"1 Martin can deduct the alimony payments of $40,000 and can reduce AGI for the '-" partnership loss of $30,000. ("'1 Martin can deduct the partnership loss but only to the extent of his investment income, or "-" $15,000. (N, Martin can deduct the partnership loss of $30,000 but cannot deduct the alimony "-" payments

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