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Sandra acquired a passive activity several years ago. Until 2017, the activity was profitable. In 2017, the activity produced a loss of $100,000. Sandra had
Sandra acquired a passive activity several years ago. Until 2017, the activity was profitable. In 2017, the activity produced a loss of $100,000. Sandra had no passive income in 2017, but she had $10,000 of wages. how much is her suspended loss from the activity for 2017? (I believe the answer is B, but PLEASE EXPLAIN IN WORDS!!!)
A. $90,000
B. $100,000
C. $0
D. $10,000
E. None of the above
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