Jeff Owned One Passive Activity

question 108

Multiple Choice

Jeff owned one passive activity.Jeff sold the activity and realized a $2,000 gain on the sale.Prior to the sale,he realized a current year loss from the activity of $6,000.In addition,he has suspended losses from prior years of $7,000.What is the net impact on Jeff's AGI this year due to the passive activity?

• A)increase of $2,000
• B)no net change
• C)decrease of $4,000
• D)decrease of $11,000

---

Definitions:

Conscious Marketing

A marketing philosophy that prioritizes ethical considerations, sustainability, and the social impact of marketing activities.

Woman's Accessories

Items designed to complement a woman's outfit, such as jewelry, handbags, scarves, and hats.

Healthy World

An ideal state or concept focusing on promoting health, preventing diseases, and ensuring the well-being of all inhabitants through sustainable practices.

Strategic Marketing Planning Process

This process involves the systematic approach to identifying and assessing market opportunities, defining marketing objectives, and developing strategies to achieve them efficiently.