Question: Question 2.2. (T605 3, 4, 5, E: 'F] In the current year, Galaxy Corporation, a closely held C corporation that is not a personal service

Question 2.2. (T605 3, 4, 5, E: 'F] In the current

year, Galaxy Corporation, a closely held C corporation that is not a

Question 2.2. (T605 3, 4, 5, E: 'F] In the current year, Galaxy Corporation, a closely held C corporation that is not a personal service corporaon, has $00,000 of passive losses, $50,000 of active business income, and $10,000 of portfolio inconie. How much of the passive loss may Galaxy deduct in the current year? (Points : 5) $0 $10,000 $00,000 $70,000 None of the above

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