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In 2020, Fred invested $127,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the

In 2020, Fred invested $127,000 in a general partnership. Fred's interest is not considered to be a passive activity. If his share of the partnership losses is $88,900 in 2020 and $62,230 in 2021, how much can he deduct in each year? Fred can deduct $ in 2020 and $ in 2021.

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