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Mary invested $200,000 in 2022 for a 50% interest in a partnership conducting a non-real estate passive activity. The partnership reported losses of $180,000 in
Mary invested $200,000 in 2022 for a 50% interest in a partnership conducting a non-real estate passive activity. The partnership reported losses of $180,000 in 2022 and $300,000 in 2023. Mary's share of the losses was $90,000 in 2022 and $150,000 in 2023. How much of the losses from the partnership can Mary deduct assuming she owns no other investments and does not participate in the partnerships operations? a.$0 in 2022: $200,000 in 2023 b $90,000 in 2022; $150,000 in 2023. c.$200,000 in 2022; $0 in 2023. d. $90,000 in 2022; $110,000 in 2023. e. None of the above
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