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Business, 05.05.2020 14:17 cowboo5000pcl655

In the current year, Don has a $55,000 loss from a business he owns. His at-risk amount at the end of the year, prior to considering the current-year loss, is $36,000. He will be allowed to deduct the $55,000 loss this year if he is a material participant in the business. True/ False?

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In the current year, Don has a $55,000 loss from a business he owns. His at-risk amount at the end o...
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