Samantha invested $75,000 in a passive activity several years ago,and on January 1,2010,her amount at risk was $15,000.Her shares of the income and losses in the activity for the next three years are as follows:
How much can Samantha deduct in 2010 and 2011? What is her taxable income from the activity in 2012? (Consider both the at-risk rules as well as the passive loss rules.)

Question

Samantha invested $75,000 in a passive activity several years ago,and on January 1,2010,her amount at risk was $15,000.Her shares of the income and losses in the activity for the next three years are as follows:
  How much can Samantha deduct in 2010 and 2011? What is her taxable income from the activity in 2012? (Consider both the at-risk rules as well as the passive loss rules.)

Quizplus · Accepted Answer

The Answer of Samantha invested $75,000 in a passive activity several years ago,and on January 1,2010,her amount at risk was $15,000.Her shares of the income and losses in the activity for the next three years are as follows:
  How much can Samantha deduct in 2010 and 2011? What is her taxable income from the activity in 2012? (Consider both the at-risk rules as well as the passive loss rules.)

Samantha Invested $75,000 in a Passive Activity Several Years Ago,and