Tax Drill $-$ Suspended Losses

Rhonda has an adjusted basis and an at$-$risk amount of $$7,500$ in a passive activity at the beginning of the year. She also has a suspended passive loss of $$1,500$ carried over from the past year. During the year, she has a loss of $$12,000$ from the passive activity. Rhonda has no passive income for the year.

If an amount is zero, enter $"0".$

At year$-$end, Rhonda has the following:

Adjusted basis in the passive activity: $

At$-$risk amount in the passive activity: $ $$

Loss suspended under the at$-$risk rules: $

Suspended passive loss: $ $$