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Calculate greens taxable income for the year

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Reference no: EM131788612

Green Corporation (a closely held, non PSC) earns active income of $150,000 and receives $80,000 in dividends during the year. In addition, Green incurs a loss of $175,000 from an investment in a passive activity. Assuming that Green's at-risk amount is sufficient, calculate Green's taxable income for the year and Green's suspended passive activity loss if any) for the year.

Reference no: EM131788612

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