Question: 26. Problem 20-76 Part d (Algo) d. Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss

26. Problem 20-76 Part d (Algo)

d. Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farell will deduct on his return if year 1 is 2020.

TOTAL lOSS =

e. Assuming Farell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farell will deduct on his return if year 1 is 2021.27. Problem 20-76 Part e (Algo)

Loss deductible =

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