jacquline donovan is a partner in simple folk corp. a company that makes round tables....
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Accounting
jacquline donovan is a partner in simple folk corp. a company that makes round tables. she does materially participate in the s corporation and all of her investment is at risk. her sch k-1 (form 1120-s) showed a 12000 loss in box 1. her adi was 72000. how much of jacqueline's loss is applied against her debt basis
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