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Kim dies owning a passive activity with a basis of $75,000, a fair market value of $140,000, and suspended losses of $80,000.All of the $80,000 passive loss can be deducted on Kim's final income tax return.
Prospecting Stage
The phase in sales where potential customers are identified and qualified before being approached by sales representatives.
Search for Customers
The process of identifying and targeting potential customers or clients for a business's products or services.
Qualification
The process of assessing whether a person or entity meets the specified requirements or criteria for a particular role, activity, or certification.
Purchase Commitment
An agreement or promise to buy a product or service at a specified time in the future.
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