In 2022, Laura invested $20,000 for a 10% partnership interest (not a passive activity). The partnership has losses of $150,000 in 2022 and $250,000 in 2023. Laura's share of the partnership's losses is $15,000 in 2022 and $25,000 in 2023. How much of the losses from the partnership can Laura deduct?

Answer rating: 100% (QA)

Analyzing Lauras Partnership Loss Deduction Key Information Partnership interest 10 not passive acti... View the full answer