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In 2015,Mary invested $200,000 in a business that is not a passive activity.During 2016,her share of the business loss is $140,000.In 2017,her share of the business loss is $100,000.How much can Mary deduct in 2016 and 2017?
Real Property
Land and anything permanently attached to it, such as buildings and structures, differentiated from personal property which can be moved.
Personal Property
refers to movable items owned by an individual or corporation, excluding real estate.
Real Property
Refers to land and any permanent structures attached to it, such as buildings or houses.
Tangible Personal Property
Physical items owned by an individual or entity, such as furniture, vehicles, and electronics, excluding real estate.
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