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stan and josh are married and will file a joint return. their MAGI is 96,000. stan has losses of 13,000 from rentalactivities in which he actively participates. josh has a $2,000 loss from a limited partnership in which he does not materially participate. what is the

stan and josh are married and will file a joint return. their MAGI is 96,000. stan has losses of 13,000 from rentalactivities in which he actively participates. josh has a $2,000 loss from a limited partnership in which he does not materially participate. what is the

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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stan and josh are married and will file a joint return. their MAGI is 96,000. stan has losses of 13,000 from rentalactivities in which he actively participates. josh has a $2,000 loss from a limited partnership in which he does not materially participate. what is the amount of their allowable passive loss
Transcribed Image Text:stan and josh are married and will file a joint return. their MAGI is 96,000. stan has losses of 13,000 from rentalactivities in which he actively participates. josh has a $2,000 loss from a limited partnership in which he does not materially participate. what is the amount of their allowable passive loss
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