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During the current year, Johnny, a single individual, has AGI of $135,000 before taking into account any passive activity losses. He also actively participates and

During the current year, Johnny, a single individual, has AGI of $135,000 before taking into account any passive activity losses. He also actively participates and owns 100% of activity A, which is a real estate rental activity. For the year, activity A generates a net loss of $5,600 and $3,400 in tax credits. Juan is in the 25% tax bracket.

What is the amount of suspended loss and credit from activity A that must be carried to subsequent years?

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