Question: In 2 0 2 4 , Tom invests $ 3 6 , 0 0 0 in an oil partnership in which he is a material

In 2024, Tom invests $36,000 in an oil partnership in which he is a material participant. The partnership incurs a first-year net loss, of which $60,000 is his share. How much can he deduct in 2024?(1 point)
In 2 0 2 4 , Tom invests $ 3 6 , 0 0 0 in an oil

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