Ricardo Owns Interests in 3 Passive Activities: A, B, and C

question 74

Multiple Choice

Ricardo owns interests in 3 passive activities: A, B, and C. During the current year, activity A realizes income of $8,000 while activities B and C realize losses of $16,000 and $24,000, respectively. Determine the amount of suspended loss attributable to activity C.

• A)$- 0 -
• B)$ 8,000
• C)$12,800
• D)$19,200
• E)$24,000