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current year Cody reports income and losses from the following activities: ick the icon to view the data.) es X, Y, and Z are all passive with respect to Cody. Activity Z has $42,000 in passive losses which are carried over from the prior year. In the current year Cody sells Z for a taxable gain of $37,000. the requirements. EDERE airement a. What is the amount of loss that Cody may deduct and what is the amount that must be carried over in the current year? (Enter a "0" for amounts with a balance.) s deductible in current year Requirements Sunt carried over to next year QuickBooks What is the amount of loss that Cody may deduct and what is the amount that must be carried over in the current year? b. Based solely on the amounts above, compute Cody's AGI for the current a. year. In the current year Cody reports income and losses from the following activities: B (Click the icon to view the data.) Activities X, Y, and Z are all passive with respect to Cody. Activity Z has $42,000 in passive losses which are carried over from the prior year. In the curr activity Z for a taxable gain of $37,000. Read the fequirements OG Requirement a. What is the amount of loss that Cody may deduct and what is the amount that must be carried over in the current year? (Enter a "0" for zero balance.) Loss deductible in current year Amount carried over to next year Activity X $ 30,000 Activity Y 2 (16,000) (15,000) Activity Z Salary 150,000 QuickB