Business, 20.12.2019 01:31 jessieeverett432

White corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active business income, and $30,000 of portfolio income. how much of the passive activity loss can white corporation deduct? a.$0 b.$30,000 c.$120,000 d.$150,000 e. none of these choices are correct.

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