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Business, 14.04.2020 18:53 oVcper

Rita earns a salary of $150,000, and invests $40,000 for a 20% interest in a passive activity. Operations of the activity result in a loss of $250,000, of which Rita's share is $50,000. How is her loss characterized?

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Rita earns a salary of $150,000, and invests $40,000 for a 20% interest in a passive activity. Opera...

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