joe invested $5,000 in partnership a and $30,000 in partnership b joe is retired and therefore works

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joe invested $5,000 in partnership a and $30,000 in partnership b joe is retired and therefore works only a few hours a month in each partnership in addition, joe has $3,000 of w2 wage income and $2,000 interest income his share of partnership a's loss is $7,000 and his share of partnership b's profit is $4,000