Vic's At-Risk Amount in a Passive Activity Is $200,000 at the Beginning

question 44

Multiple Choice

Vic's at-risk amount in a passive activity is $200,000 at the beginning of the current year. His current loss from the activity is $80,000. Vic had no passive activity income during the year. At the end of the current year:

• A) Vic has an at-risk amount in the activity of $120,000 and a suspended passive activity loss of $80,000.
• B) Vic has an at-risk amount in the activity of $200,000 and a suspended passive activity loss of $80,000.
• C) Vic has an at-risk amount in the activity of $120,000 and no suspended passive activity loss.
• D) Vic has an at-risk amount in the activity of $200,000 and no suspended passive activity loss.
• E) None of the above.

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Definitions:

Adult Skeleton

The fully developed, mature skeleton of an adult human, comprising 206 bones that provide structure, protection, and leverage for movement.

Buffer Blood pH

Biological systems that maintain the pH of blood within a narrow range, crucial for the proper functioning of the body's cells and organs.

Inorganic Salts

Inorganic salts are compounds comprised of minerals that play various critical roles in biological processes, including nerve transmission, muscle contraction, and hydration.

Bones Functions

Essential roles including support, protection, movement, mineral storage, and blood cell formation.