Share of the partnership loss


In 2010, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2010, her share of the partnership loss is $70,000. In 2011, her share of the partnership loss is $50,000. How much can Emily deduct in 2010 and 2011?

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Accounting Basics: Share of the partnership loss
Reference No:- TGS081232

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