Partner Kingsly 's outside basis is $100 He actively participates in the business His K 1 showsa $150 loss on line 1 ordinary business income or loss 1 How much of the loss can Kingsley deduct on his personal tax return If none, enter no ...

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Partner Kingsly's outside basis is $100. He actively participates in the business. His K-1 showsa $150 loss

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Partner Kingsly's outside basis is $100. He actively participates in the business. His K-1 showsa $150 loss on line 1 ordinary business income or loss.

1. How much of the loss can Kingsley deduct on his personal tax return? If none, enter no.

Posted Date: May 18, 2024 04:03 PM

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Partner Kingsly's outside basis is $100. He actively participates in the business. His K-1 showsa $150 loss

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