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108-109.. Hugh had four pre-enactment passive activities. The following income and losses were generated this year. Activity Gain/(Loss) A ($50,000) B ($30,000) C ($20,000) D
108-109.. Hugh had four pre-enactment passive activities. The following income and losses were generated this year. Activity Gain/(Loss) A ($50,000) B ($30,000) C ($20,000) D $40,000 __________ Total ($60,000)
How much of the $60,000 net passive loss can you deduct this year?
How much of activity A's $50,000 loss is suspended??
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