Multiple Choice
Crystal invested $8,000 cash in CRK Partnership for a 30% general partnership interest.In its first year of operations, CRK lost $15,000.In its second year of operations, CRK lost an additional $14,000.How much of the second year's losses can Crystal deduct in that year?
A) $700
B) $2,400
C) $3,500
D) $4,200
Correct Answer:
Verified
Correct Answer:
Verified
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