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How much of the loss is a suspended loss

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Question - Kathleen Cavanaugh owned an interest in several limited partnerships in 2016. Gains and losses are as follows for 2016.

Partnership Date Acquired Allocated Gain (Loss)

O & G 1 3/26/84 $10,000

O & G 2 5/19/86 (30,000)

O & G 3 11/13/88 (5,000)

O & G 4 1/08/89 (6,000)

O & G 5 7/11/90 20,000

(a) What is Kathleen's net passive loss for 2016?

(b) How much of the loss may be deducted against active and portfolio income?

(c) How much of the loss is a suspended loss?

Reference no: EM131690625

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