In 2013,Lindsay's at-risk amount was $50,000 at the beginning of the year.Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):
$\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
2013 & \$ (60,000) \
2014 & \$ (40,000) \
2015 & \$ (20,000) \
2016 & \$ 40,000 \
2017 & \$ 40,000
\end{array}$ In 2017,what amount of income or loss will Lindsay report from this activity?

Question

In 2013,Lindsay's at-risk amount was $50,000 at the beginning of the year.Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):
 $\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
2013 & \$  (60,000) \
2014 & \$  (40,000) \
2015 & \$  (20,000) \
2016 & \$  40,000 \
2017 & \$  40,000
\end{array}$ In 2017,what amount of income or loss will Lindsay report from this activity?

Quizplus · Accepted Answer

The Answer of In 2013,Lindsay's at-risk amount was $50,000 at the beginning of the year.Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):
 $\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
2013 & \$  (60,000) \
2014 & \$  (40,000) \
2015 & \$  (20,000) \
2016 & \$  40,000 \
2017 & \$  40,000
\end{array}$ In 2017,what amount of income or loss will Lindsay report from this activity?

In 2013,Lindsay's At-Risk Amount Was $50,000 at the Beginning of the Year.Lindsay's