A taxpayer recognized a $40,000 loss in 2021 from a small farm (which was a secondary...
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A taxpayer recognized a $40,000 loss in 2021 from a small farm (which was a secondary activity to a full-time job as a dentist). What is the maximum deduction that would be allowed from the farm loss for the 2021 tax year? $0 $17,500 $21,250 $40,000 A taxpayer recognized a $40,000 loss in 2021 from a small farm (which was a secondary activity to a full-time job as a dentist). What is the maximum deduction that would be allowed from the farm loss for the 2021 tax year? $0 $17,500 $21,250 $40,000
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