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At the beginning of 2019, Taxpayer A had $30,000 of losses disallowed due to the at risk limitation in Investment ABC and $40,000 of passive
At the beginning of 2019, Taxpayer A had $30,000 of losses disallowed due to the at risk limitation in Investment ABC and $40,000 of passive losses disallowed in investment ABC.
During 2019, Investment ABC reported income of $60,000 Allocated to Taxpayer A. Taxpayer A also had wages from employment of $100,000 in 2019 and $30,000 of itemized deductions.
What is Taxpayer A's AGI for 2019?
Question.
$60,000 $100,000 $90,000 $120,000 $70,000
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