Linda Owns Three Passive Activities That Had the Following Results

question 92

Multiple Choice

Linda owns three passive activities that had the following results for the current year:
$\begin{array}{lc}\text { Passive Activity A } & \$(4,500) \\\text { Passive Activity B } & 20,000 \\\text { Passive Activity C } & (25,500) \end{array}$
If none of the passive activities are rental real estate activities,what is the amount of suspended loss attributable to Activity A?

• A)$ - 0 -
• B)$ 1,500
• C)$ 4,500
• D)$ 8,500
• E)$10,000

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Definitions:

Expression

A combination of symbols and numbers that represents a particular quantity or operation, but does not include an equality sign.

Exponential Equation

An equation where the variable appears in the exponent, expressing the relationship between two quantities where one varies as a constant power of another.

Decimal Places

The count of numbers present after the decimal point in a decimal numeral.

Annual Interest Rate

The percentage of principal charged by lenders or paid to investors per annum.