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Lyssa Branck owned interests in five limited partnerships in 2022. Gains and losses are as follows for 2022: Partnership Date Acquired Allocated Gain (Loss) ABC
Lyssa Branck owned interests in five limited partnerships in 2022. Gains and losses are as follows for 2022: Partnership Date Acquired Allocated Gain (Loss) ABC 3/26/2018 $10,000 DEF 5/19/2019 (30,000) JKL 11/13/2020 ( 5,000) QRS 1/08/2020 ( 6,000) XYZ 7/11/2021 20,000 What is Lyssa's net passive loss for 2022? How much of the loss may be deducted against active and portfolio income? How much of the loss is a suspended loss? Remember to allocate any suspended losses to each activity.
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