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In 2016,Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant.The LLC reported losses of $340,000 in 2016 and $180,000 in 2017.Joanne's share of the LLC's losses was $68,000 in 2016 and $36,000 in 2017.How much of these losses can Joanne deduct?
Greater Rewards
Refers to the higher benefits or returns that are anticipated or received from taking greater risks or investing significant effort.
Training
The process of teaching or learning specific skills or behaviors, typically to improve performance in a given activity or job.
Lumpenproletariat
A term used in Marxist theory to describe the underclass excluded from the class structure of capitalist societies, including the unemployed and criminals.
Homeless
A condition where individuals lack stable, safe, and permanent housing.
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