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Fernando has invested in three passive activities. During the current year, these investments generate the following results: Activity X generates a loss of $10,000 Activity
Fernando has invested in three passive activities. During the current year, these investments generate the following results: Activity X generates a loss of $10,000 Activity Y generates a loss of $20,000 Activity Z generates income of $25,000 What is the passive loss carryover for Activity X for the current year? ANSWER Unselected $2,500 Unselected $5,000 Unselected $0 Unselected $1,667
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