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Lewis Died During the Current Year

Question 58

Multiple Choice

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's final income tax return?


A) $0
B) $2,000
C) $13,000
D) $15,000

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