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ACC 2205 In 2014, Cindy invested $100,000 for a 25% interest in a limited liability company

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January 5th, 2018

In 2014, Cindy invested $100,000 for a 25% interest in a limited liability company (LLC) in which she is a material participant. The LLC reported losses in 2014 and 2015. Cindy’s share of the LLC s losses was $85,000 in 2014 and $45,000 in 2015. How much of these losses can Cindy deduct?$0 in 2014, $0 in 2015.$85,000 in 2014, $0 in 2015.$85,000 in 2014, $15,000 in 2015.$85,000 in 2014, $45,000 in 2015.None of the above.

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