Katelyn Jones owned interests in ﬁve limited partnerships in 2012. Gains and losses are as follows for 2012: What is Katelyn's net passive loss for 2012? How much of the loss may be deducted against active and portfolio income? How much of the loss is a suspended loss?

Question

Katelyn Jones owned interests in ﬁve limited partnerships in 2012. Gains and losses are as follows for 2012:  What is Katelyn's net passive loss for 2012? How much of the loss may be deducted against active and portfolio income? How much of the loss is a suspended loss?

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The Answer of Katelyn Jones owned interests in ﬁve limited partnerships in 2012. Gains and losses are as follows for 2012:  What is Katelyn's net passive loss for 2012? How much of the loss may be deducted against active and portfolio income? How much of the loss is a suspended loss?

Katelyn Jones Owned Interests in ﬁVe Limited Partnerships in 2012