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Required Information CARES Problem 20-76 (LO 20-6) (Algo) [The following information applies to the questions displayed below.] Farell is a member of Sierra Vista LLC.

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Required Information CARES Problem 20-76 (LO 20-6) (Algo) [The following information applies to the questions displayed below.] Farell is a member of Sierra Vista LLC. Although Sierra Vista is involved in a number of different business ventures, it is not currently involved in real estate either as an investor or as a developer. On January 1, year 1. Farell has a $166,000 tax basis in his LLC interest that includes his $153,000 share of Sierra Vista's general debt obligations. By the end of the year, Farell's share of Sierra Vista's general debt obligations has increased to $166.000. Because of the time he spends in other endeavors, Farell does not materially participate in Sierra Vista. His share of the Sierra Vista losses for year 1 is $199.000. As a partner in the Riverwoods Partnership, he also has year 1. Schedule K-1 passive income of $11.000. Farrell is single and has no other sources of business income or loss. Assume CARES Act applies. (Leave no answer blank. Enter zero if applicable.) CARES Problem 20-76 Part d (Algo) d. Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $288.000 loss from a sole proprietorship. determine how much total trade or business loss Farell will deduct on his return in year 1. Answer is not complete. Loss deductible

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