Josie is a material participant in a business that specializes in monetizing intellectual property. This...
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Accounting
Josie is a material participant in a business that specializes in monetizing intellectual property. This business suffered a $250,000 taxable loss in 2022. Zach started a business two years ago in which he materially participates. The business suffered a taxable loss of $600,000 in 2022. What is Josies and Zachs deductible loss from these activities for the year?
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