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during the current year violet inc a closely held not a PSC has $ 55,000 of passive activity loss $80,000 of net activity income and
during the current year violet inc a closely held not a PSC has $ 55,000 of passive activity loss $80,000 of net activity income and $ 20,000 of portfolio income. How much is Violets taxable income for the year
a) 20,000
b) 45,000
c) 80,000
d) 100,000
e-none of bove
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