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In 2018, Fred invested $137,500 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership

In 2018, Fred invested $137,500 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership losses is $96,250 in 2018 and $67,375 in 2019, how much can he deduct in each year?

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