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In 2019, Dee Dee Ramone invested $65,000 for a %30 interest in a partnership conducting a passive activity. The partners reported losses of $200,000 in
In 2019, Dee Dee Ramone invested $65,000 for a %30 interest in a partnership conducting a passive activity. The partners reported losses of $200,000 in 2019 and $100,000 in 2020, Dee Dee Ramone's share being $60,000 in 2019 and $30,000 in 2020. How much of the losses from the partnership can Dee Dee Ramone deduct for 2020 assuming he owns no other investments and does not participate in the partnership's operations?
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