Question
In 2018, Mary invested $200,000 in a business that is not a passive activity. During 2019, her share of the business loss is $140,000. In
In 2018, Mary invested $200,000 in a business that is not a passive activity. During 2019, her share of the business loss is $140,000. In 2020, her share of the business loss is $100,000. How much can Mary deduct in 2019 and 2020?
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The Development Of The American Public Accounting Profession
Authors: T.A. Lee
1st Edition
0415403944, 9780415403948
