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8. All of the outstanding stock of a closely held C corporation is owned equally by Evelyn Humo and Steve Bufusno. In 2019, the
8. All of the outstanding stock of a closely held C corporation is owned equally by Evelyn Humo and Steve Bufusno. In 2019, the corporation generates taxable income of $20,000 from its active business activities. In addition, it earns $30,000 of interest from investments and incurs a $40,000 loss from a passive activity. How much of a passive loss carryover does the corporation have? OA None of these OB $20,000 OC. $0 OD. $30,000
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