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purchased during the current year In the current year Sue reports $155,000 Of salary income, $26,000 Of income from activity X, and S30,OOO and S20,OOO
purchased during the current year
In the current year Sue reports $155,000 Of salary income, $26,000 Of income from activity X, and S30,OOO and S20,OOO losses from activities Y and Z, respectively. All three activities are passive With respect to Sue and are purchased during the current year. Read the requiremenL Compute the amount Of loss that may be deducted per activity. Then compute the amount Of loss that must be carried over per activity. (DO not round intemediary calculations. Enter loss amounts as a posive number. If an input field is not used in the table, leave the input field empty; do not enter a zero.) A Ctivity Activity Loss deducted in current year Loss carried over per activity
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