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Jimpays $150,000 for a 10%limited partner interest in XYZ partnership (his only activity).At the end of the year, he receives a K-1, which allocates an
Jimpays $150,000 for a 10%limited partner interest in XYZ partnership (his only activity).At the end of the year, he receives a K-1, which allocates an $80,000 loss to him.How much of his loss will be suspended under the passive activity rule?
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$15,000
$80,000
$0
$8,000
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