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Tita, a married taxpayer filing jointly, has a $700,000 business loss from her S corporation. Assume the $700,000 loss is an active loss and not

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Tita, a married taxpayer filing jointly, has a $700,000 business loss from her S corporation. Assume the $700,000 loss is an active loss and not subject to the passive loss rules. How much of the $700,000 loss may she deduct for 2019? (Please enter your answer as a positive number)

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