Answered You can hire a professional tutor to get the answer.
QUESTION
ACCT 208 Multi-Choice ExamInation 3 FINAL - DUE on or before Friday MAY 6 th Please use answer sheet on last page to record the one best answer for...
In 2010, Cindy invested $100,000 for a 25% interest in a limited liability company (LLC) involved in an activity in which she is a material participant. The LLC reported losses of $340,000 in 2010 and $180,000 in 2011 with Cindy’s share being $85,000 in 2010 and $45,000 in 2011. How much of the losses can Cindy deduct?
