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Mehar has the following items from four separate investments during the current tax year: Passive income from a publicly traded limited partnership $12,000 Passive loss
Mehar has the following items from four separate investments during the current tax year: Passive income from a publicly traded limited partnership $12,000 Passive loss from a publicly traded limited partnership $9,000 Passive income from a nonpublicly traded limited partnership $14,000 Passive loss from a nonpublicly traded limited partnership $18,000 What is the total amount, if any, of passive losses that may be deducted during the current year? A) $18,000 B) $14,000 C) $26,000 D) $0
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