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Dylan sells his partnership interest, a passive activity, with an adjusted basis of $320,000 for $350,000. In addition, he has current and suspended losses of
Dylan sells his partnership interest, a passive activity, with an adjusted basis of $320,000 for $350,000. In addition, he has current and suspended losses of $38,000 associated with the partnership and has no other passive activities. His current deductible loss is: -8,000 -38,000 0 -30,000
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