Loren owns three passive activities that had the following results for the current year: If none of the passive activities are rental real estate activities, what is the amount of suspended loss attributable to Activity C?
A) $ - 0 -
B) $18,750
C) $20,000
D) $25,000
E) $40,000

Question

Loren owns three passive activities that had the following results for the current year:  If none of the passive activities are rental real estate activities, what is the amount of suspended loss attributable to Activity C?
A) $ - 0 - 
B) $18,750 
C) $20,000 
D) $25,000 
E) $40,000

Quizplus · Accepted Answer

The Answer of Loren owns three passive activities that had the following results for the current year:  If none of the passive activities are rental real estate activities, what is the amount of suspended loss attributable to Activity C?
A) $ - 0 - 
B) $18,750 
C) $20,000 
D) $25,000 
E) $40,000

Loren Owns Three Passive Activities That Had the Following Results