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Rex Remington has the following passive activity items: Prior-year passive loss carryforward amounts: ($3,000) from ABC PTP ($8,000) from XYZ PTP Current-year passive income and

Rex Remington has the following passive activity items:

Prior-year passive loss carryforward amounts:

  • ($3,000) from ABC PTP
  • ($8,000) from XYZ PTP

Current-year passive income and loss amounts:

  • $5,000 ABC PTP
  • $2,000 DEF PTP
  • $4,000 XYZ PTP
  • $10,000 CHI
  • ($7,000) JKL
  • ($8,000) RST

Note: PTP denotes Publicly Traded Partnership, all other activity is private interest.

How much were the total losses that were used and how much loss is suspended to next year? (Both PTP and private interest)

A.($13,000) used, ($13,000) suspended

B.($15,000) used, ($11,000) suspended

C.($17,000) used, ($9,000) suspended

D.($19,000) used, ($7,000) suspended

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