During the Year,Mark Reports $90,000 of Active Business Income from His

question 19

Multiple Choice

During the year,Mark reports $90,000 of active business income from his law practice.He also owns two passive activities.From Activity A,he earns $20,000 of income,and from Activity B,he incurs a $30,000 loss.As a result,Mark

• A)reports AGI of $80,000.
• B)reports AGI of $90,000 with a $10,000 passive loss carryover.
• C)reports AGI of $90,000 with a $30,000 passive loss carryover.
• D)reports AGI of $110,000 with a $30,000 passive loss carryover.