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In 2007 fred invested 50000 in a general partnershipfreds

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In 2007, Fred invested $50,000 in a general partnership.Fred's interest is not considered to be a passive activity.If his share of the partnership losses is $35,000 in 2007 and$25,000 in 2008, how much can he deduct in each year?

Reference no: EM13615195

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