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Green Corporation, a professional service corporation, earns active income of $65,000 and receives $30,000 in dividends during the year. In addition, Green incurs a
Green Corporation, a professional service corporation, earns active income of $65,000 and receives $30,000 in dividends during the year. In addition, Green incurs a loss of $70,000 from an investment in a passive activity acquired several years ago, which had an at-risk balance at the beginning of the year of $35,000. How much of the passive activity loss is suspended because of the passive income rules? S
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