I'm 2015, mary invested 200,000 in a business that is not a passive activity. During 2016, her share of the business loss is 140,000. In 2017, her share of the business los 100,000. How much can mary deduct in 2016 and 2017?

I'm 2015, mary invested 200,000 in a business that is not a passive activity. During 2016, her share of the business loss is 140,000. In 2017, her share of the business los 100,000. How much can mary deduct in 2016 and 2017?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1.(3)
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