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Hi, can I get some help. In 2015, Tom invested $90,000 for a 25 percent in a limited liability company(LLC) in which he is a
Hi, can I get some help.
In 2015, Tom invested $90,000 for a 25 percent in a limited liability company(LLC) in which he is a material participant. The LLC reported losses of $300,000 in 2019 and $200,000 in 2020. How much of these losses can Tom deduct in 2015 and 2016 respectively?
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