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Dorothy acquired a 100% interest in a passive activity. In 2020 she had AGI of $175,000. The passive activity generated a $30,000 loss in 2020.

Dorothy acquired a 100% interest in a passive activity. In 2020 she had AGI of $175,000. The passive activity generated a $30,000 loss in 2020. How much of the $30,000 loss can she deduct in 2020? $30,000 $25,000 $20,000 $0

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