Solved: During 2010 her share of partnership loss is 70000 in 2011, Accounting Basics

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During 2010 her share of partnership loss is 70000 in 2011

Question - In 2010, emily invests $100,000 in a limted partership that is not a passive activity. During 2010, her share of partnership loss is $70,000. In 2011, her share of the partnership loss is $50,000. How much can emily deduct in 2010 and 2011?

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Accounting Basics: During 2010 her share of partnership loss is 70000 in 2011

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