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ABC, a closely held C corporation that is not a PSC, has $300,000 of passive activity losses from a rental activity, $200,000 of net active
- ABC, a closely held C corporation that is not a PSC, has $300,000 of passive activity losses from a rental activity, $200,000 of net active income, and $100,000 of portfolio income.
How much of ABC Corporations passive activity losses is not deductible?
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Auditing And Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
5th Edition
007333720X, 9780073337203
