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Taxpayer is a 5 0 % owner and material participant in an activity and has $ 5 0 , 0 0 0 at risk. Current

Taxpayer is a

50 %

owner and material participant in an activity and has $

50, 000

at risk.

Current year total loss of the activity is $

150, 000

.

How much is deductible in the current year?

.

What carryover

(

)

exist at the end of the current year?

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