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isthis correct? Reva gave her daughter a passive activity last year that had an adjusted basis of ( $ 75,000 ). The activity had suspended

isthis correct? Reva gave her daughter a passive activity last year that had an adjusted basis of \\( \\$ 75,000 \\). The activity had suspended losses of \\( \\$ 35,000 \\) and a fair market value of \\( \\$ 120,000 2 answers

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