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John Mapp dies with passive activity property having an adjusted basis of $50,000, suspended losses of $20,000, and a fair market value at the date
John Mapp dies with passive activity property having an adjusted basis of $50,000, suspended losses of $20,000, and a fair market value at the date of Mr. Mapp's death of $60,000. How much suspended loss can be taken on Mr. Mapp's final Form 1040 return?
1) $10,000
2) $20,000
3) $0
4) None of these
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