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Sally has wages of 100,000. She invests 100,000 in a partnership ,which she materially participates. Her share of the loss from the partnership is 40,000
Sally has wages of 100,000. She invests 100,000 in a partnership ,which she materially participates. Her share of the loss from the partnership is 40,000 in 2020. Sally also incurs a loss of 10,000 from another partnership which she does not materially participates. She has no other activity. What is Sally net income for 2020? O 100,000 0 60,000 90,000 O 50,000
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