In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity
In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of
the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How much can Emily deduct in 2013 and 2014?