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How much loss will be deductible by ferris

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Question - Ferris owns an interest in, but does not materially participate in, an activity. He has $30,000 at-risk. The business produced a loss in the current year and Ferris's share of the loss is $45,000. Assuming Ferris has no passive income, how much of the $45,000 loss will be deductible by Ferris?

a) $0

b) $30,000

c) $45,000

d) cannot be determined

Reference no: EM131830211

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