. Sherri owns an interest in a business that is not a passive activity and in which she has $20,000 at risk. If the business incurs a loss from operations during the year and her share of the loss is $32,000, this loss will be fully deductible.
a. True
b. False

Explanation: A loss is an amount of money lost by a business or oganization. Losses in investment happen often and can be deductible from gains earned depending on the amount of gain.

An equal amount of loss and gain can be used to offset each other. However, if your losses exceed your gain, your losses can not be fully deductible.

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. Sherri owns an interest in a business that is not a passive activity and in which she has $20,000 at risk. If the business incurs a loss from operations during the year and her share of the loss is $32,000, this loss will be fully deductible. a. True b. False

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. Sherri owns an interest in a business that is not a passive activity and in which she has $20,000 at risk. If the business incurs a loss from operations during the year and her share of the loss is $32,000, this loss will be fully deductible.
a. True
b. False