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Problem 15-30 (LO. 6, 7) C&C Properties is an S corporation that owns two rental real estate undertakings: Carrot Plaza and Cantaloupe Place. Each
Problem 15-30 (LO. 6, 7) C&C Properties is an S corporation that owns two rental real estate undertakings: Carrot Plaza and Cantaloupe Place. Each property produces an annual $10,000 operating loss. C&C's Schedule K aggregates the results of the two locations into one number. Dan and Marta, C&C's two equal shareholders, each hold a $7,000 stock basis in C&C as of the beginning of the year. Marta actively participates in the Cantaloupe location, but not at Carrot. Dan actively participates at neither location. If an amount is zero, enter "0". Determine the amount of the available loss pass-through for both shareholders. a. Marta receives a $ level. pass-through and can deduct $ under passive income rules at the shareholder b. Dan receives a $ pass-through and can deduct $ under passive income rules at the shareholder level.
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