) In the current tax year, Boris earned $120,000 from his job as a master plumber. In addition, he received $40,000 of income from Activity A, and lost $30,000, and 25,000 from Activities B and C respectively. Activities A, B, and C are passive activities that Boris acquired in the current year. What amount of loss may Boris deduct on his current year taxes with respect to each activity? What amount of loss, if any, must be carried over to the subsequent year for each activity? 6) Wanda owns a non-depreciable capital asset she has held for investment. She purchased the asset for $200,000 six years ago, and it is now subject to a $54,000 liability. During the current year, Wanda sells the asset to Steve in exchange for $85,000 cash and a new automobile with a fair market value of $45,000 to be used by Wanda for personal use. Steve assumes the $54,000 liability. Calculate the amount of Wandas Long Term Capital Gain or her Long Term Capital Loss on this sale.