In the current year, Crow Corporation, a closely held C corporation that is not a personal service corporation, has $100,000 of passive activity losses, $80,000 of active business income, and $20,000 of portfolio income. How much of the passive activity loss may Crow deduct in the current year?
A) $0.
B) $20,000.
C) $80,000.
D) $100,000.
E) None of the above.

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The Answer of In the current year, Crow Corporation, a closely held C corporation that is not a personal service corporation, has $100,000 of passive activity losses, $80,000 of active business income, and $20,000 of portfolio income. How much of the passive activity loss may Crow deduct in the current year?
A) $0.
B) $20,000.
C) $80,000.
D) $100,000.
E) None of the above.

In the Current Year, Crow Corporation, a Closely Held C