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Discuss how much of these losses can joanne deduct

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Reference no: EM131788601

In 2016, 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 2016 and $180,000 in 2017. How much of these losses can Joanne deduct in 2016 and in 2017?

Reference no: EM131788601

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