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  3. Study Set
    Concepts in Federal Taxation
  4. Exam
    Exam 7: Losses-Deductions and Limitations
  5. Question
    Leon Is Allowed to Deduct All the Current and Suspended
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Leon Is Allowed to Deduct All the Current and Suspended

Question 113

Question 113

True/False

Leon is allowed to deduct all the current and suspended losses on his passive activity if he sells his entire interest in the passive activity during the year.

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