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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 activities 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 activities Y and Z, respectively. All three activites ane pastive with respect to Jane and are purchased during the current yen: Requirement What is the amount of loss that may be deducted with respect to each of these activiles? Also compute the amount of loss that must be carried ovec for each activity. . Compute the amount of loss that may be deducted per activity. Then compute the amount of loss thot must be carred over per activay (Do not round intermediary calculations. Enter loss amounts a a posilive number. If an irput feld is not used in the tabla, loave the input feld empty; do nok enter a zero)
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