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What is the most that james can deduct

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Question - In 2014, James invested $30,000 in a cattle-feeding partnership that used nonrecourse notes to purchase $70,000 of feed, which was used to feed the cattle and expensed. If James's share of the expense was $50,000, what is the most that James can deduct in 2014?

a. $20,000

b. $30,000

c. $50,000

d. $70,000

Reference no: EM131997501

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