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What are the three tests or limitations that each partner

Question - The partners in the Aggressive Real Estate Partnership (AREP) are all individuals. For 2016, AREP reported a loss of $1,000,000 which is split equally among the individual partners. What are the three tests or limitations that each partner must face before the loss can be used to offset other income in their respective returns?

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Accounting Basics: What are the three tests or limitations that each partner

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