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How much of the passive loss can sage deduct

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Question - Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?

Reference no: EM131776701

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How much of the passive loss can sage deduct : Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, How much of the passive loss can Sage deduct
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