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Hugh has four passive activities. the following in come and losses are generated in the current year Activity Gain (loss) A (60,000) B (20,000) C

Hugh has four passive activities. the following in come and losses are generated in the current year

Activity Gain (loss)

A (60,000)

B (20,000)

C (10,000)

D 10,000

Total (80,000)

How much of the $80,000 net passive loss can Hugh deduct this year? Calculate any suspended losses carryover (by Activity)

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