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Help. I need help finding the correct solution to this particular problem. I would appreciate it. John, an engineer, operates a separate business that he
Help. I need help finding the correct solution to this particular problem. I would appreciate it.
John, an engineer, operates a separate business that he acquired eight years ago. If he participates 85 hours in the business and it incurs a loss of $34,000, under what circumstances can John claim an active loss?
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