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Business, 28.10.2019 22:31 alexandria3498
During 2018, leisel, a single taxpayer, operates a sole proprietorship in which she materially participates. her proprietorship generates gross income of $142,000 and deductions of $420,000, resulting is a loss of $278,000. the large deductions are due to the acquisition of equipment and the use of immediate expense and additional first-year depreciation to deduct all of the acquisitions. can leisel use all of this loss to offset other income she has? explain.
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During 2018, leisel, a single taxpayer, operates a sole proprietorship in which she materially parti...
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