Josh Has Investments in Two Passive Activities

question 57

Multiple Choice

Josh has investments in two passive activities.Activity A (acquired three years ago) produces income of $30,000 this year, while Activity B (acquired two years ago) produces a loss of $50,000.What is the amount of Josh's suspended loss for the year?

• A)$0
• B)$18,000
• C)$20,000
• D)$50,000
• E)None of these

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