bob1225usmanwatt bob1225usmanwatt

22-03-2024
Law

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Hale receives a Schedule K-1 from a family business that he does not actively participate in. On it, he shows interest income of $245 and dividends of $681. The Schedule K-1 also includes $275 in annuities. Hale also has a passive loss of $1,721 from another business. Can he offset the loss with the Schedule K-1 income

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