How much of losses can joanne deduct, Accounting Basics

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How much of losses can joanne deduct

In june 2009, joanne invested for a 20% interest in a limited liability company in which she is a material participant. The LLC reported losses of $340,000 in 2009 and $180,000 in 2010. Joanne's share of the LLC's losses was $68,000 in 2010 and $36,000 in 2011. How much of these losses can Joanne deduct?

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Accounting Basics: How much of losses can joanne deduct

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Accounting Basics: How much of losses can joanne deduct

Reference No:- TGS075371

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much of losses can joanne deduct

Reference No:- TGS075371

Recent Questions Asked Accounting Basics

Q : What was the cashflow to stockholders for the year 2009

Q : Why are great numbers of students choosing

Q : Airlines to eliminate their frequent-flyer programs in order

Q : Explain side-impact airbags standard equipment

Q : How much of losses can joanne deduct

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Q : Prepare the appropriate journal entries at maturity

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Q : Postulators and postulations about essays are sundry

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