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Business, 01.04.2021 21:10 azaz1819

During 2020, Leisel, a single taxpayer, operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $142,000 and deductions of $420,000, resulting in a loss of $278,000. The large deductions are due to the acquisition of equipment and the use of immediate expense and additional first-year depreciation to deduct all of the acquisitions

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During 2020, Leisel, a single taxpayer, operates a sole proprietorship in which she materially parti...
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