Partnership investment and rental condominium


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Task: Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2009, his share of the loss from the limited partnership was $12,000, and his loss from the rental condo was $16,000. Assuming Clifford's modified adjusted gross income is $120,000 for 2009, complete Form 8582.

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Accounting Basics: Partnership investment and rental condominium
Reference No:- TGS01619907

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