Hugh has four passive activities which generate the following income and losses in the current year. Activity Gain (Loss) A ($60,000) B (20,000) C (10,000) D 10,000 Total ($80,000) How much of the $80,000 net passive loss can Hugh deduct this year? Calculate the suspended losses (by activity).

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The Answer of Hugh has four passive activities which generate the following income and losses in the current year. Activity Gain (Loss) A ($60,000) B (20,000) C (10,000) D 10,000 Total ($80,000) How much of the $80,000 net passive loss can Hugh deduct this year? Calculate the suspended losses (by activity).

Hugh Has Four Passive Activities Which Generate the Following Income