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In 2018, Robert had the following income and losses from four passive activities: Activity 1 $(20,000) Activity 2 (10,000) Activity 3 (5,000) Activity 4 33,000

In 2018, Robert had the following income and losses from four passive activities:

Activity 1 $(20,000)
Activity 2 (10,000)
Activity 3 (5,000)
Activity 4 33,000

Activity 4 had $10,000 of passive losses that are carried over from a prior year. Robert also had wages of $110,000.

  1. How much income or loss does Robert have from the four activities?

  2. How are the suspended PALs allocated?

  3. If Activity 1 were sold at an $18,000 gain, what would be the total income or loss from the four activities?

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