Linda 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 A?
A) $ - 0 -
B) $ 1,500
C) $ 4,500
D) $ 8,500
E) $10,000

Question

Linda 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 A?
A) $ - 0 - 
B) $ 1,500 
C) $ 4,500 
D) $ 8,500 
E) $10,000

Quizplus · Accepted Answer

The Answer of Linda 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 A?
A) $ - 0 - 
B) $ 1,500 
C) $ 4,500 
D) $ 8,500 
E) $10,000

Linda Owns Three Passive Activities That Had the Following Results