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Business, 27.11.2019 21:31 payshencec21

Tonya sells a passive activity in the current year for $150,000. her adjusted basis in the activity is $50,000, and she uses the installment method of reporting the gain. the activity has suspended losses of $12,000. tonya receives $60,000 in the year of sale. b. her recognized gain for the current year is $. tonya can currently deduct $ of suspended losses.

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Tonya sells a passive activity in the current year for $150,000. her adjusted basis in the activity...

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