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.