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2 October, 03:50

Arnold purchased interests in two limited partnerships 6 years ago. During 2018, Arnold had income of $22,000 from one of the partnerships. He had a loss from the other partnership of $32,000, salary income of $35,000, and dividend income of $2,000. What is the amount of net passive losses that Arnold may deduct for 2018?

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  1. 2 October, 05:27
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    Answer:None

    Explanation:

    He will get a net passive Income of$27000 ...

    $ 22,000-- - $32,000 + $35000+$2000.
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