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In 2014, Kirk invested $50,000 in a business in which he materially participates (not a passive activity, not an LP). Kirk's share of the business'

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In 2014, Kirk invested $50,000 in a business in which he materially participates (not a passive activity, not an LP). Kirk's share of the business' losses for 2014 was $20,000. Kirk's share of the business' losses for 2015 was $35,000. Kirk did not invest any additional amounts in the business after his initial $50,000 investment. What amount can Kirk deduct in 2015

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