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Question - During the current year violet inc a closely held not a PSC has $ 55,000 of passive activity loss $80,000 of net activity income and $ 20,000 of portfolio income. How much is Violets taxable income for the year
a) 20,000
b) 45,000
c) 80,000
d) 100,000
e) none of above
Accounts receivables from related parties should be shown separately from trade receivables.
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