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Jahlil is a 10 percent partner in a partnership that incurred a $4 million business loss this year. Jahlil has no other business activities. Required:

Jahlil is a 10 percent partner in a partnership that incurred a $4 million business loss this year. Jahlil has no other business activities. Required: How much of Jahlil's partnership loss can he deduct this year if he is single? What if he is married filing jointly? Note: Enter your answers in dollars not in millions of dollars

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