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How much of his loss will be suspended

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Question - Jim pays $150,000 for a 10% limited partner interest in XYZ partnership (his only activity). At the end of the year, he receives a K-1, which allocates an $80,000 loss to him. How much of his loss will be suspended under the passive activity rule?

a. $15,000

b. $80,000

c. $0

d. $8,000

Reference no: EM132590997

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