Baird has four passive activities.The following income and losses are generated in the current year.
$\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
\mathrm{A} & \$ (40,000)\
\mathrm{B} & \$ (15,000)\
\mathrm{C} & \$ (25,000) \
\mathrm{D} & \$ 20,000\\text { Total }&\$(60,000)
\end{array}$ How much of the $60,000 net passive loss can Baird deduct this year? Calculate the suspended losses (by activity).

Question

Baird has four passive activities.The following income and losses are generated in the current year.
 $\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
\mathrm{A} & \$  (40,000)\
\mathrm{B} & \$  (15,000)\
\mathrm{C} & \$  (25,000) \
\mathrm{D} & \$  20,000\\text { Total }&\$(60,000)
\end{array}$ How much of the $60,000 net passive loss can Baird deduct this year? Calculate the suspended losses (by activity).

Quizplus · Accepted Answer

The Answer of Baird has four passive activities.The following income and losses are generated in the current year.
 $\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\
\mathrm{A} & \$  (40,000)\
\mathrm{B} & \$  (15,000)\
\mathrm{C} & \$  (25,000) \
\mathrm{D} & \$  20,000\\text { Total }&\$(60,000)
\end{array}$ How much of the $60,000 net passive loss can Baird deduct this year? Calculate the suspended losses (by activity).

Baird Has Four Passive Activities How Much of the $60,000 Net Passive Loss Can Baird