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Mandy, who has AGI of $80,000 before considering rental activities, is active in three separate real estate rental activities and is in the 22% tax
Mandy, who has AGI of $80,000 before considering rental activities, is active in three separate real estate rental activities and is in the 22% tax bracket. She has $12,000 of losses from Activity A, $18,000 of losses from Activity B, and income of $10,000 from Activity C. She also has $2,100 of tax credits from Activity A. Calculate her deductions and credits allowed and the suspended losses and credits. If an amount is zero, enter "O". a. Mandy's deductions (her utilized loss) total $ 20,000 b. Her suspended loss is $ 0 c. After deducting the loss, Mandy has available a deduction equivalent of $ 5,000 d. Her utilized credit is $ and her suspended credit is $ F
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