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Business, 17.04.2020 18:25 jeronimo18

In 2019, Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. The LLC reported losses of $340,000 in 2019 and $180,000 in 2020. Joanne's share of the LLC's losses was $68,000 in 2019 and $36,000 in 2020. How much of these losses can Joanne deduct?

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