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Problem 2 During the current year, Ben worked 1 , 5 0 0 hours as a tax consultant and 5 0 0 hours as a
Problem
During the current year, Ben worked hours as a tax consultant and hours as a real estate agent. His one other employee his wife worked hours in the real estate business. Ben earned $ as a tax consultant, and together the couple lost $ in the real estate business.
How should Ben treat the loss on his federal income tax return?
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