26 problem 20 76 part d algo d assuming farell is deemed to be an active participant in sierra v

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Question

d. Assuming Farrell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farrell will deduct on his return if year 1 is 2020. TOTAL LOSS = e. Assuming Farrell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farrell will deduct on his return if year 1 is 2021. Loss deductible =

          d. Assuming Farrell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farrell will deduct on his return if year 1 is 2020.
TOTAL LOSS =

e. Assuming Farrell is deemed to be an active participant in Sierra Vista and he has a $261,000 loss from a sole proprietorship, determine how much total trade or business loss Farrell will deduct on his return if year 1 is 2021.
Loss deductible =

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