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Jones Realty LLC created a passive loss of $50,000. Jones had no passive income to offset. How may Jones use the loss? A. Deduct in
Jones Realty LLC created a passive loss of $50,000. Jones had no passive income to offset. How may Jones use the loss? A. Deduct in the next tax year. B. Deduct in the current tax year. C. The loss cannot be used in the future. O D. Carry it forward and deduct when the property is sold
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