1.Income consisting of wages, salaries, and income from material participation in a trade or business

What is the term that is defined as above?

Answer: ------------

For questions 2-3

Jacks adjusted basis in a passive activity is $10,000 at the beginning of 2020. His loss from the activity in 2020 is $4,000. And Jack has no passive activity income.

2. Solely based on the information above, what is the At-Risk amount from Jacks passive business activity in 2020?

Answer:

3. Solely based on the information above, what is the suspended passive activity loss from Jacks passive business activity in 2020?

Answer:

answer all 3 questions as soon as possible