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Tammy Faye Jones owned three passive activities in 2020 (she had no suspended losses prior to 2020): Activity Date Acquired 7/20/94 One 2020 Allocated Gain/(Loss)
Tammy Faye Jones owned three passive activities in 2020 (she had no suspended losses prior to 2020): Activity Date Acquired 7/20/94 One 2020 Allocated Gain/(Loss) (60,000) 40,000 (30,000) Two 9/01/98 Three 3/10/99 How much is her passive loss deduction (against nonpassive income) and suspended loss for each activity and the manner in which it is allocated
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