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In 2015, Fred invested $127,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership

In 2015, Fred invested $127,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership losses is $88,900 in 2015 and $62,230 in 2016, he can deduct

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