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Brisk Inc., a closely held corporation that is not a PSC, has an $110,000 passive...

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Accounting

Brisk Inc., a closely held corporation that is not a PSC, has an $110,000 passive loss, $90,000 of active income, and $25,000 of portfolio income during the year. How much of the passive loss can Brisk deduct in the current year?

$0 $25,000 $90,000 $110,000 None of the above

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