Baird has four passive activities. The following income and losses are generated in the current year. Year Gain (Loss) A $(40,000) B $(15,000) C $(25,000) D $20,000 Total $(60,000) How much of the $60,000 net passive loss can Baird deduct this year? Calculate the suspended losses (by activity). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (MAr) Click Save and Submit to save and submit. Click Save All Answers to save all answer's