Question
Sandra acquired a passive activity 3 years ago. Until last year, the activity was profitable and her at-risk amount was $300,000. Last year, the activity
Sandra acquired a passive activity 3 years ago. Until last year, the activity was profitable and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive income in the current or prior years, her suspended passive loss from the activity is _____. (Points : 6) $90,000 from last year and $50,000 from the current year $100,000 from last year and $50,000 from the current year $0 from last year and $0 from the current year $50,000 from the current year None of the above
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