23. The $ 222 deduction for tuition and related expenses is available: a. Regardless of the amount of a taxpayer's MAGI. b. To cover room and board expenses to attend college. c. To a married taxpayer filing a separate return. d. Even if a taxpayer does claim the standard deduction. e. None of these 24. Nell earns $50,000 salary income in the current year. In addition, Nell sells a passive activity with an adjusted basis of $45,000 for $155,000 in the current year. Suspended losses attributable to this property total $45,000. Nell owns another separate passive activity which has $10,000 passive loss for the current year and $80,000 suspended passive losses from prior years. Nell will report the following on her current year income tax return (as a result of just these transactions): a. $$50,000 salary income and an additional $110,000 from the sale of the passive activity b. $25,000 salary income and SO additional taxable income (because all $110,000 gain from the sale of the passive activity offset by losses and an additional $25,000 of passive loss is available to deduct against the salary income c. $50,000 salary income and $0 additional taxable income (because all $110,000 gain from the sale of the passive activity is offset by losses). d. $50,000 salary income and an additional $65,000 gain from the sale of the passive activity. e. None of a-d is correct 25. Vic's at-risk amount in a passive activity is $200,000 at the beginning of the current year. His current loss from the activity is $80,000. Vic had no passive activity income during the year. At the end of the current year. a. Vic has an at-risk amount in the activity of S120,000 and a suspended passive activity loss of $80,000. b. Vic has an at-risk amount in the activity of S200,000 and a suspended passive activity loss of $80,000. c. Vic has an at-risk amount in the activity of S120,000 and no suspended passive activity loss. d. Vic has an at-risk amount in the activity of $200,000 and no suspended passive activity loss, e. None of these is correct