How much can she deduct in each year, Accounting Basics

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How much can she deduct in each year

Question: In 2020, Allison invested $30,000 in a general partnership which is NOT considered a passive activity. If her share of the partnership losses is $20,000 in 2020 and $15,000 in 2021, how much can she deduct in each year? Group of answer choices 2020 - 20,000 2021 - 15,000 2020 - 0 2021 - 0 2020 - 20,000 2021 - 0 2020 - 20,000 2021 - 10,000

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Accounting Basics: How much can she deduct in each year

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