Alyce Schmidt has a passive activity that had passive losses for regular tax purposes of...
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Alyce Schmidt has a passive activity that had passive losses for regular tax purposes of $8,000 in 2016. The passive activity had depreciated for regular tax purposes of $2,000 and alternative minimum tax (AMT) depreciation of $2,500. What is Alyces passive loss? A. $7,500, B $8,000, C. $8,500, D. $10,500
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