The Choice Communication stock was purchased directly from the company and qualifies as Section 1244 stock. Choice was started between you and another. Sadly, it was not working and your partner bought your shares for $1,000. How much net capital loss is shown on your personal return's Schedule D for the three sales listed above? a. $3,000 b. $2, 500 c. $11, 500 d. $9,000 e. $3, 700 Brenda has the following passive activities. Activity A reports income of $10,000. Activity B reports a loss of $2,000. Activity C reports a loss of $3,000. Activity D reports a loss of $10,000. Before considering the passive activities Brenda had an AGI of $80,000. How much of Activity loss will be carried forward to 2017? a. $667 b. $1,000 c. $3,000 d. $3, 333 What if we change the above problem by disposing of activity C in the current year? How of Activity C's loss can we deduct in 2016? a. $667 b. $1,000 c. $3,000 d. $3, 333 A taxpayer actively participates in rental real estate and has modified AGI of $140,000. How much loss can be deducted related to the activity which qualifies as active participation? a. $0 b. $5,000 c. $10,000 d. $15,000 e. $25,000 The Choice Communication stock was purchased directly from the company and qualifies as Section 1244 stock. Choice was started between you and another. Sadly, it was not working and your partner bought your shares for $1,000. How much net capital loss is shown on your personal return's Schedule D for the three sales listed above? a. $3,000 b. $2, 500 c. $11, 500 d. $9,000 e. $3, 700 Brenda has the following passive activities. Activity A reports income of $10,000. Activity B reports a loss of $2,000. Activity C reports a loss of $3,000. Activity D reports a loss of $10,000. Before considering the passive activities Brenda had an AGI of $80,000. How much of Activity loss will be carried forward to 2017? a. $667 b. $1,000 c. $3,000 d. $3, 333 What if we change the above problem by disposing of activity C in the current year? How of Activity C's loss can we deduct in 2016? a. $667 b. $1,000 c. $3,000 d. $3, 333 A taxpayer actively participates in rental real estate and has modified AGI of $140,000. How much loss can be deducted related to the activity which qualifies as active participation? a. $0 b. $5,000 c. $10,000 d. $15,000 e. $25,000