Jean Kelley owned three limited partnership interests in 2018: How much is her passive loss deduction (against

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Jean Kelley owned three limited partnership interests in 2018:

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How much is her passive loss deduction (against nonpassive activities) and suspended loss for each activity?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 04:02 AM

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Jean Kelley owned three limited partnership interests in 2018: How much is her passive loss deduction (against

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2018 Allocated Date Gain/ Partnership Acquired (Loss) MNO 05/03/97 (4.000) OSD 10/14/97 10,000 CMP 11/15/98 (6,000) Pre-2018 Suspended Loss (14,000) (3,000) (2.000)

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To calculate Jean Kelleys passive loss deduction and suspended loss for each limited partnership interest we need to consider the allocated gains or l...View the full answer

CCH Federal Taxation 2019 Comprehensive Topics

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