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:

RFID Technology

Radio-Frequency Identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.

Antennas

Electrical devices that convert electric power into radio waves, and vice versa, used for transmitting and receiving electromagnetic signals.

Computer Chips

Small electronic components made of semiconductor material, used in devices to perform computational or other functions.

Radio Signals

Electromagnetic waves used for transmitting data across distances without the use of wires, crucial for various forms of communication including television, radio, and mobile phones.