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27-05-2024
Business

Answered

Sharon's share of ordinary losses, as indicated by her S corporation Schedule K-1 for last year, is $19,000. Only $9,000 can be deducted; therefore, the remaining $10,000 will be suspended. Suspended losses and deductions are carried over:
a) Five years
b) Two years
c) There years
d) One year

Answer :

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