Question
In june 2009, joanne invested for a 20% interest in a limited liability company in which she is a material participant. The LLC reported losses
In june 2009, joanne invested for a 20% interest in a limited liability company in which she is a material participant. The LLC reported losses of $340,000 in 2009 and $180,000 in 2010. Joanne's share of the LLC's losses was $68,000 in 2010 and $36,000 in 2011. How much of these losses can Joanne deduct?
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Sarbanes Oxley And The New Internal Auditing Rules
Authors: Robert R. Moeller
1st Edition
0471483060, 978-0471483069
