Mehar has the following items from four separate investments during the current tax year: Passive income from a publicly

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answerhappygod
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Mehar has the following items from four separate investments during the current tax year: Passive income from a publicly

Post by answerhappygod »

Mehar has the following items from four separate investments
during the current tax year:
Passive income from a publicly traded limited partner ship
$12,000
Passive loss from a publicly traded limited partnership
$9,000
Passive income from a non publicly traded limited
partnership $ 14,000
Passive loss from a non publicly traded limited
partnership $18,000
What is the total amount, if any. of passive losses that may be
deducted during the calendar year?
a 26,000
b 14,000
c 0
d 18,000
Passive loss from a nonpublicly traded limited partnership
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