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DENGITUS LOLOTO ULVTUT 10. Taxpayer A is a limited partner in two partnerships. Partnership A produces passive income (to A) in the amount of $5,000.

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DENGITUS LOLOTO ULVTUT 10. Taxpayer A is a limited partner in two partnerships. Partnership A produces passive income (to A) in the amount of $5,000. Partnership B has a passive loss of $4,000 (to A). How does Taxpayer A treat the passive income and loss on his tax return? Why can 11

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