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White Corporation, a Personal Service Corporation, Had $75,000 of Active

Question 2

Multiple Choice

White Corporation, a personal service corporation, had $75,000 of active income, $15,000 of portfolio income, and a $90,000 passive loss during the year.How much of the passive loss is deductible?


A) $0.
B) $15,000.
C) $75,000.
D) $90,000.
E) None of the above.

Correct Answer:

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