How much in passive losses can spencer deduct

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Question - Spencer has an ownership interest in three passive activities. In the current tax year, the activities had the following income and losses:

Partnership a: $20,000

Partnership b: $(16,000)

Partnership c: $(12,000)

How much in passive losses can Spencer deduct?

a) 0

b) $ 12,000

c) $ 16,000

d) $ 20,000

Reference no: EM131830193

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