Business, 23.03.2020 19:34 williejaroid123
Jana reports the following income and loss Salary Income from activity A Loss from activity B Loss from activity C 120,000 60,000 (30,000) (70.000) Activities A, B, and C are all passive activities. Based on this information, Jana will recognize A. salary of $120,000, passive income of $60,000, and passive loss carryovers of $100,000 B. salary of S 120,000 and net passive losses of $40,000 that will be carried over. C. adjusted gross income of $80,000 D. salary of S 120,000 and deductible net losses of S40.000.
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