URGENT!! John smith earned $85, 000 in wages, has $15,000 dividend income in 2020. He also incurred passive loss of $15, 000 in 2020. His AGI for 2020 is a 95,000 b 100,000 c 95,000 d None of the above 2 Charlie invested $60,000 in a Plumbing Business in 2019. The Plumbing Business generated loss of $30,000 in 2019.. He invested $20,000 again in Plumbing Business in 2020. The Plumbing Business generated loss of $120,000 in 2020. How much loss can he deduct in 2020. Charlie's interest is not passive a 120,000 b 50,000 c 35,000 d None of the above