In 2010,Jean earns a salary of $150,000 and invests $20,000 for a 20% interest in a partnership not subject to the passive loss rules.Through the use of $400,000 of nonrecourse financing,the partnership acquires assets worth $500,000.The activity produces a loss of $75,000,of which Jean's share is $15,000.In 2011,Jean's share of the loss from the partnership is $7,500.How much of the loss from the partnership can Jean deduct?

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The Answer of In 2010,Jean earns a salary of $150,000 and invests $20,000 for a 20% interest in a partnership not subject to the passive loss rules.Through the use of $400,000 of nonrecourse financing,the partnership acquires assets worth $500,000.The activity produces a loss of $75,000,of which Jean's share is $15,000.In 2011,Jean's share of the loss from the partnership is $7,500.How much of the loss from the partnership can Jean deduct?

In 2010,Jean Earns a Salary of $150,000 and Invests $20,000