Homework Sourse108109 Hugh had four preenactment passive activities The fol
108-109.. Hugh had four pre-enactment passive activities. The following income and losses were generated this year. Activity Gain/(Loss) A ($50,000) B ($30,000) C ($20,000) D $40,000 __________ Total ($60,000)
How much of the $60,000 net passive loss can you deduct this year?
How much of activity A\'s $50,000 loss is suspended??
Solution
108 - net passive loss can you deduct this year is $60,000
109 - 50000/100000*60000 = $30000 of activity A\'s $50,000 loss is suspended
