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Question - During 2019, Hugh had the following net income and loss with respect to nonrental nonreal estate activities:
Activity X ($50,000) net loss
Activity Y $20,000 net income
Both Activity X and Activity Y are passive activities to Hugh. Hugh purchased Activity X in 1987 and Activity Y in 1993. How much loss that Hugh may deduct in 2019?
a. ($50,000)
b. ($30,000)
c. ($3,000)
d. $0
d. None of these
Based on the information found in this chapter related to stop-and-frisk, examine two actions as they relate to the Fourth Amendment and the arrest process.
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