Question
30. Aretha has an AGI of less than $100,000 and a 25 percent marginal tax rate. During the year, she reports a $36,000 loss from
30. Aretha has an AGI of less than $100,000 and a 25 percent marginal tax rate. During the year, she reports a $36,000 loss from Activity A and a $24,000 loss from Activity B. Additionally, Activity A generates $8,000 of tax credits. Both activities A and B are passive real estate rental activities in which Anita actively participates and owns over 10 percent of each activity. What are the amounts of Aretha's suspended losses from these activities?
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Ask Get Perform The Auditors Essential Guide To Asking Better Questions Getting Better Answers And Performing Better Audits
Authors: Robert Berry
1st Edition
B08SYTC4G2, 979-8591025755
