contestada

Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. The LLC reported losses of $340,000 in 2019 and $180,000 in 2020. How much of these losses can Joanne deduct in 2019 and in 2020?

Respuesta :

Answer:

Explanation:

Her loss for each year is

$ 340000 × 0.2 = $ 68 000

$ 180000 × 0.2 = $ 36 000

the loss she will remove in 2019 $ 68 000 and in 2020 she remove ( $ 90000 - $ 68 000) = $ 22000

$ 68 000 in 2019 and $ 22000 in 2020

Otras preguntas