Question
in 2019, kyung invested $65,000 for a 30% ownership in a passive partnership. The partnership reported loss with kyung's share as $60,000 in 2020 and
in 2019, kyung invested $65,000 for a 30% ownership in a passive partnership. The partnership reported loss with kyung's share as $60,000 in 2020 and $30,000 in 2021. Kyung does not own any other passive investments and does not materially participate in the partnership's business.
How much of kyung's losses can she use from her partnership ownership?
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Health And Safety Environment And Quality Audits
Authors: Stephen Asbury
1st Edition
9780750680264, 978-0750680264
