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In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity....

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Accounting

In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How much can Emily deduct in 2013 and 2014?

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