Business, 23.06.2020 19:01 elisesnelson
Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Activity A was profitable, but it produced losses of $200,000 in 2018 and $100,000 in 2019. Dorothy has passive activity income from Activity B of $20,000 in 2018 and $40,000 in 2019.The amount of losses she may deduct in 2019 is $ and the total suspended losses carried forward to 2020 is $ .
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Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity...
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