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  • 29-11-2022
  • Business
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In the case study from Chapter 8, why isn't Raphael allowed to deduct any of his passive losses from Schedule K-1 (Form 1065)?He earned too much money in 2020.His Alternative Minimum Tax (AMT) was added back in.Raphael's net business loss was added to the passive losses.He had no ordinary passive income to offset the passive losses.

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