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Starling Corporation,a Closely Held Personal Service Corporation,has $150,000 of Active

Question 87

Multiple Choice

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?


A) $0.
B) $60,000.
C) $150,000.
D) $165,000.
E) None of the above.

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