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Business, 28.09.2019 01:00 sadelshariff

Jennifer gave her interest in a passive activity (fair market value of $75,000 and basis of $60,000) to harrison. associated with the interest is a suspended passive activity loss of $8,000. upon making the gift, the suspended passive activity loss is not deductible to jennifer, but it will benefit harrison.
true or false.

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Jennifer gave her interest in a passive activity (fair market value of $75,000 and basis of $60,000)...

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