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In the current year Jane reports $180,000 of salary income, $18,000 of income from activity X, and $26,000 and $14,000 losses from activites Y and
In the current year Jane reports $180,000 of salary income, $18,000 of income from activity X, and $26,000 and $14,000 losses from activites Y and Z, respectivel, As thee activites are passive with respect to Jane and are purchased during the current year. Requirement What is the amount of loss thot may be deducted weh respect to each of these activites? Also compute the amount of loss that must be canied ovet for alach activily Compute the amount of loss that may be deducted per adivily. Then compute the amount of loss that must be carried over per activity (Do not round inderredary calculasons Enter lons amounts a a poseve number. If an input feld is not used in the table, leave the input feld empty; do not entar a zeco.)
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