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Starling Corporation, a closely held personal service corporation, has $150,000 of active income, $60,000 of portfolio income, and a $165,000 passive...

Starling Corporation, a closely held personal service corporation, has $150,000 of active income, $60,000 of portfolio income, and a $165,000 passive loss during the year. How much of the passive loss can Starling deduct in the current year?

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hari-us tax.doc

Starling Corporation, a closely held personal service corporation, has $150,000 of active income,
$60,000 of portfolio income, and a $165,000 passive loss during the year. How much of the passive...

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