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What amount of loss should Rey deduct

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Question - The partnership of Spencer and Rey realized an ordinary loss of $52,000 and dividend income of $10,000 in 2018. Both the partnership and the two partners are on a calendar year basis and partners are equal partner. On December 31, 2018, Spencer and Rey had basis in partnership interest $30,000 and $18,000 respectively. On his individual return for 2018, what amount of loss should Rey deduct?

Reference no: EM132533418

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