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Josh has investments in two passive activities. Activity A (acquired three years ago) produces income of $50,000 this year, while Activity B (acquired two years
Josh has investments in two passive activities. Activity A (acquired three years ago) produces income of $50,000 this year, while Activity B (acquired two years ago) produces a loss of $80,000. Assuming sufficient at-risk basis, what is the amount of Josh's suspended loss for the year?
| $0. | ||
| $50,000 | ||
| $30,000 | ||
| $80,000. | ||
| None of the above. |
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
978-0321884077, 0321884078
