This year Robert had the following income and losses from four passive activities:

Activity 1	$ (22,750)
Activity 2	(11,650)
Activity 3	(6,100)
Activity 4	37,400

Activity 4 had $11,375 of passive losses that are carried over from a prior year. Robert also had wages of $132,000.

Required:

How much income or loss does Robert have from the four activities?

How are the suspended PALs allocated?

If Activity 1 were sold at an $21,575 gain, what would be the total income or loss from the four activities?

Activity	Allowed PAL	Suspended PAL
1
2
3