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Unformatted text preview: interest expense is $35,000 and other cash expenses are $25,000. Required : How much of the loss can Jim deduct in 2010? How much is suspended under the at-risk limitations? Can you determine which expense is being limited under the at-risk limits?...
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This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.
- Fall '08