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In 2022, Laura invested $20,000 for a 10% partnership interest (not a passive activity). The partnership has losses of $150,000 in 2022 and $250,000 in
In 2022, Laura invested $20,000 for a 10% partnership interest (not a passive activity). The partnership has losses of $150,000 in 2022 and $250,000 in 2023. Laura's share of the partnership's losses is $15,000 in 2022 and $25,000 in 2023. How much of the losses from the partnership can Laura deduct?
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
1259293092, 978-1259293122, 1259293122, 978-1259293092
