Solution-How much of the second year losses can susan deduct

How much of the second year losses can susan deduct

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Question 1: Susan invested $8,000 cash in SAR Partnership for a 30% general partnership interest. In its first year of operations, SAR lost $15,000. In its second year of operations, SAR lost an additional $14,000. How much of the second year's losses can Susan deduct in that year?

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How much of the second year losses can susan deduct

Reference no: EM132477044

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