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How much can joel deduct

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Reference no: EM132081707

Question - Joel has a 30 percent interest in a general partnership for which he paid $25,000. The partnership loss for the year is $180,000. How much can Joel deduct?

a. $0.

b. $25,000.

c. $54,000.

d. $60,000.

Reference no: EM132081707

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