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In 2017, Fred invested $50,000 in a general partnership. Freds interest is not considered to be a passive activity. If his share of the partnership

In 2017, Fred invested $50,000 in a general partnership. Freds interest is not considered to be a passive activity. If his share of the partnership losses is $35,000 in 2017 and $25,000 in 2018, how much can he deduct in each year?

please use current tax law

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