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In 2012,Mary invested $200,000 in a business that is not a passive activity.During 2013,her share of the business loss is $140,000.In 2014,her share of the business loss is $100,000.How much can Mary deduct in 2013 and 2014?
Partnerships
A form of business organization in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.
Treasury Stock
Treasury Stock represents shares that were issued and subsequently repurchased by the company, reducing the amount of outstanding stock on the open market.
Common Stock
A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits via dividends.
Treasury Shares
Shares that were once part of the circulating supply of stock but were subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.
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