Page 1 of 1
Judy acquired passive Activity A In January 2013 and Activity B in July 2014. Until 2018, Activity A was profitable. Act
Posted: Tue Nov 16, 2021 9:32 am
by answerhappygod
- Judy Acquired Passive Activity A In January 2013 And Activity B In July 2014 Until 2018 Activity A Was Profitable Act 1 (64.82 KiB) Viewed 62 times
Judy acquired passive Activity A In January 2013 and Activity B in July 2014. Until 2018, Activity A was profitable. Activity A produced a loss of $48,250 in 2018 and a loss of $87,000 in 2019. She has $40,500 passive Income from Activity B in 2018 and $25,000 in 2019. After offsetting passive Income, how much of the net losses may she deduct? Deductible passive losses $ 0 5:57