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How much of the loss from Activity XYZ may John deduct

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Question - John invested $13,000 in an activity in which he actively participates (Activity XYZ). During 2020 the activity generates a loss, and John's portion is ($22,000). John also has interest income of $8,000. How much of the loss from Activity XYZ may John deduct in 2020?

Reference no: EM132726247

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