Rachel Acquired a Passive Activity Several Years Ago

question 127

Multiple Choice

Rachel acquired a passive activity several years ago. Until 2015, the activity was profitable, and Rachel's at-risk amount at the beginning of 2015 was $300,000. The activity produced losses of $80,000 in 2015, $50,000 in 2016, and $70,000 in 2017. In 2018, the activity produced income of $90,000. How much is Rachel's suspended passive activity loss at the beginning of 2019?

• A) $150,000.
• B) $110,000.
• C) $60,000.
• D) $0.
• E) None of the above.

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Definitions:

Backlit E-readers

Electronic reading devices that feature a backlight to illuminate the screen, enhancing readability in various lighting conditions.

Sharp Grayscale Display

A type of screen or monitor capable of displaying images in shades of gray, noted for its sharpness and clarity.

Color Display

A device or feature capable of showing images and videos in multiple colors, often used in monitors, televisions, and mobile screens.

Backlit Monitor

A display device that uses backlighting to illuminate its LCD panel, enhancing visibility in various lighting conditions.