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LO . 8 Rhonda has an adjusted basis and an at - risk amount of $ 7 , 5 0 0 in a passive activity
LO Rhonda has an adjusted basis and an atrisk amount of $ in a passive activity at the beginning of the year. She also has a suspended passive activity loss of $ carried over from the prior year. During the current year, she has a loss of $ from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year.
a Adjusted basis and atrisk amount in the passive activity.
b Loss suspended under the atrisk rules.
c Suspended passive activity loss.
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