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Brenda has the following gain and losses in 3 passive activities: A B C 2018 $30K gain $33K loss $17K loss 2019 $30K loss $2K
Brenda has the following gain and losses in 3 passive activities:
A B C
2018 $30K gain $33K loss $17K loss
2019 $30K loss $2K gain $13K gain
How much loss is Brenda able to carryover in 2019 to 2020 for activity A? Assume her AGI is less than 100K before considering these passive activities. HINT: This is a tricky question but dont let it stress you out. Start in 2018 and allocate back to individual activities.
$30,000 | ||
$25,485 | ||
$0 | ||
$15,000 |
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