In 2015,Mary Invested $200,000 in a Business That Is Not

question 49

Essay

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?

---

Definitions:

Substantive Law

The part of law that deals with the rights and duties of people and the punishments for those who violate these laws.

Requests for Admissions

A pre-trial procedure in civil litigation where one party requests the other to admit the truth of certain facts, thereby narrowing the scope of the dispute.

Interrogatories

A set of formal written questions issued by one party in a lawsuit to another party, which must be answered under oath.

Demurrers

A legal pleading that objects to the sufficiency of the opposing party’s pleadings, without addressing the facts, and asks the court to dismiss the case on legal grounds.