In 2019,a single taxpayer earns $1 million of income from salary,interest,dividends and capital gains.The taxpayer has a $300,000 passive loss carryover from an investment in a limited partnership which he has now sold.The taxpayer will be able to deduct the full $300,000 passive loss carryover.

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The Answer of In 2019,a single taxpayer earns $1 million of income from salary,interest,dividends and capital gains.The taxpayer has a $300,000 passive loss carryover from an investment in a limited partnership which he has now sold.The taxpayer will be able to deduct the full $300,000 passive loss carryover.

In 2019,a Single Taxpayer Earns $1 Million of Income from Salary,interest,dividends