Art's atrisk amount in a passive activity was $60,000 at the beginning of 2013. His loss from the activity in 2013 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2014. Under the passive loss rules, Art's suspended loss at the end of 2014 is:

Question

Art's at­risk amount in a passive activity was $60,000 at the beginning of 2013. His loss from the activity in 2013 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2014. Under the passive loss rules, Art's suspended loss at the end of 2014 is:

Quizplus · Accepted Answer

The Answer of Art's at­risk amount in a passive activity was $60,000 at the beginning of 2013. His loss from the activity in 2013 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2014. Under the passive loss rules, Art's suspended loss at the end of 2014 is:

Art's At­risk Amount in a Passive Activity Was $60,000 at the Beginning

Art's Atrisk Amount in a Passive Activity Was $60,000 at the Beginning