Samantha invested $75,000 in a passive activity several years ago,and on January 1,2009,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 2009 and 2010? What is her taxable income from the activity in 2011? (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 1,2009,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 2009 and 2010? What is her taxable income from the activity in 2011? (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 1,2009,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 2009 and 2010? What is her taxable income from the activity in 2011? (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