Question
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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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
