Law, 01.03.2021 03:20 itsyagirl11076

Josie and Zach are married. Josie is a material participant in a business that specializes in monetizing intellectual property. This business suffered a $250,000 taxable loss in 2020. Zach started a business two years ago in which he materially participates. The business suffered a taxable loss of $600,000 in 2020.

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