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In 2017, Emily invests $120,000 in a limited partnership that is not a passive activity. During 2017, her share of the partnership loss is $90,000.
In 2017, Emily invests $120,000 in a limited partnership that is not a passive activity. During 2017, her share of the partnership loss is $90,000. In 2018, her share of the partnership loss is $50,000. How much can Emily deduct in 2017 and 2018?
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