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Mindy reports the following income and loss for 2020: Salary................................................................................... $138,000 Income from Activity A............................................................ 41,400 Loss from Activity B.............................................................. (34,500) Loss from Activity C..............................................................

Mindy reports the following income and loss for 2020:

  • Salary................................................................................... $138,000
  • Income from Activity A............................................................ 41,400
  • Loss from Activity B.............................................................. (34,500)
  • Loss from Activity C.............................................................. (69,000)

Activities A, B, and C are all passive activities during 2020 but are not rental activities. Compute the amount of losses due to Activities B and C that are deductible in 2020 and any suspended losses carried forward to 2021.

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