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

Question 64

Multiple Choice

Art's at-risk amount in a passive activity was $60,000 at the beginning of 2018.His loss from the activity in 2018 is $80,000, and he had no passive activity income during the year.Art had $20,000 of passive activity income from the activity in 2019.Under the passive activity loss rules, Art's suspended loss at the end of 2019 is:


A) $15,000.
B) $20,000.
C) $45,000.
D) $60,000.
E) None of these.

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