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Title: Lewis died during the current year. Lewis owned passive activity property with a FMV of $61,000 and ... Post by: Augustus1 on Jan 9, 2017 Lewis died during the current year. Lewis owned passive activity property with a FMV of $61,000 and a basis of $48,000. Suspended losses of $15,000 were attributable to the property. How much of the suspended loss is deductible on Lewis' final income tax return?
A) $0 B) $2,000 C) $12,000 D) $15,000 Title: Re: Lewis died during the current year. Lewis owned passive activity property with a FMV of $61,000 ... Post by: Yoko900 on Jan 9, 2017 Content hidden
Title: Re: Lewis died during the current year. Lewis owned passive activity property with a FMV of $61,000 and ... Post by: Augustus1 on Mar 19, 2017 I needed this so bad, I'm laughing right now from happiness
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