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Question 3 2 pts 3. Sandra purchased a limited partnership interest in Year 1. She had nondeductible passive losses of $30,000 in Year 1 and
Question 3 2 pts 3. Sandra purchased a limited partnership interest in Year 1. She had nondeductible passive losses of $30,000 in Year 1 and $20,000 in Year 2 from the partnership. If she sells her partnership interest in Year 3 for $10,000 gain, has $15,000 of income from the partnership up to the date of sale, and has a $100,000 of nonpassive income, how much can she deduct in year 3? $10,000 $15,000 $25,000 $50,000
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