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In: AccountingDuring 20X1 Beth earned a salary of $150,000. In 20X1,she invested $40,000 for a 20%...During 20X1 Beth earned a salary of $150,000. In 20X1,she invested $40,000 for a 20% interest in a Grady MemorialHospital, a limited partnership. Beth does not material participatein this activity. Operations of the activity result in a loss of$325,000, of which Beth’s share is $65,000. For her 20X1 return,would Beth be able to deduct any of the loss relating to thisactivity? If, so how much?
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