In 2009,Kelly,who earns a salary of $200,000,invests $40,000 for a 20% interest in a partnership not subject to the passive loss rules.Through the use of $800,000 of nonrecourse financing,the partnership acquires assets worth $1 million.Depreciation,interest,and other deductions related to the activity produce a loss of $150,000,of which Kelly's share is $30,000.In 2010,Kelly's share of the loss from the partnership is $15,000.How much of the loss from the partnership can Kelly deduct?

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The Answer of In 2009,Kelly,who earns a salary of $200,000,invests $40,000 for a 20% interest in a partnership not subject to the passive loss rules.Through the use of $800,000 of nonrecourse financing,the partnership acquires assets worth $1 million.Depreciation,interest,and other deductions related to the activity produce a loss of $150,000,of which Kelly's share is $30,000.In 2010,Kelly's share of the loss from the partnership is $15,000.How much of the loss from the partnership can Kelly deduct?

In 2009,Kelly,who Earns a Salary of $200,000,invests $40,000 for a 20