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During 2021, Hugh Hughes reported the following income and loss: Activity X ($50,000) Activity Y $20,000 Both Activity X and Activity Y are passive to

During 2021, Hugh Hughes reported the following income and loss:

Activity X ($50,000)

Activity Y $20,000

Both Activity X and Activity Y are passive to Mr. Hughes. Hugh purchased Activity X in 1987 and Activity Y in 1993. How much is the loss that Mr. Hughes may deduct in 2021?

$3,000
$0
$30,000
$50,000

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