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Problem 11-37 (LO. 1, 3) Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through
Problem 11-37 (LO. 1, 3) Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Activity A was profitable, but it produced losses of $200,000 in 2018 and $100,000 in 2019. Dorothy has passive activity income from Activity B of $20,000 in 2018 and $40,000 in 2019. After offsetting passive activity income, how much of the net losses may she deduct? If an amount is zero, enter "0". In 2018, Dorothy may deduct $ 0 losses suspended. In 2019, Dorothy may deduct $ carried forward to 2020 of $ -240,000 V. of the net passive activity losses and has $ -180,000 of passive activity -60,000 X of the net passive activity losses and has total suspended losses
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