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Marshall sells his entire interest in a passive activity for $350,000 on the installment method. His adjusted basis in the property is $280,000. The activity
Marshall sells his entire interest in a passive activity for $350,000 on the installment method. His adjusted basis in the property is $280,000. The activity has a suspended loss of $40,000. In your computations, round any division to three decimal places. If Marshall receives a $80,000 down payment, he will recognize a gain of $ and Marshall will deduct \$ of the suspended losses in the first year of the sale
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