Question
Rhonda has an adjusted basis and an at-risk amount of $17,200 in a passive activity at the beginning of the year. She also has a
Rhonda has an adjusted basis and an at-risk amount of $17,200 in a passive activity at the beginning of the year. She also has a suspended passive loss of $3,440 carried over from the past year. During the year, she has a loss of $27,520 from the passive activity. Rhonda has no passive income for the year. At year-end, Rhonda has the following: (if an amount is zero, enter "0").
Adjusted basis in the passive activity: $ 0
At-risk amount in the passive activity: $ 0
Loss suspended under the at-risk rules: $ 10320
Suspended passive loss: $
I cannot figure out the "suspended passive loss" HELP!
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