1.In 2021, Joe sold assets resulting in a $4,000 short-term capital gain, a $1,000 collectibles capital gain, a $3,000 long-term capital gain, and an $8,000 long-term capital loss.

What is the netting result of the above?

Answer:

2. Which of the following would not be deducted by passive activity loss?

1. Income from S-corporation
2. Rental income
3. Income from LLP
4. Bonus from the corporate employer

3.You bought into a partnership for $10,000 and the partnership passes losses and deductions out to you of $1,000 in the year 1. Youve not been materially participating in the partnership business. Solely based on this information, what is the tax-deductible operating loss from the business activity?

Answer:

please answer this 3 qyestions answer as soon as posssible