A single taxpayer earns substantial 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 A single taxpayer earns substantial 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.

A Single Taxpayer Earns Substantial Income from Salary, Interest, Dividends