Spencer Has an Ownership Interest in Three Passive Activities $\begin{array}{ll}\text { Partnership A } & \$ 20,000 \\\text { Partnership B } & \$(16,000) \\\text { Partnership C } & \$(12,000)\end{array}$

question 55

Multiple Choice

Spencer has an ownership interest in three passive activities.In the current tax year,the activities had the following income and losses: $\begin{array}{ll}\text { Partnership A } & \$ 20,000 \\\text { Partnership B } & \$(16,000) \\\text { Partnership C } & \$(12,000) \end{array}$ How much in passive losses can Spencer deduct?

• A)$0.
• B)$12,000.
• C)$16,000.
• D)$20,000.

---

Definitions:

Autoimmune Reaction

An autoimmune reaction is an immune response in which the body's defenses mistakenly attack its own tissues, believing them to be foreign.

Northern Latitudes

Areas of the Earth that are located north of the Equator, known for their cold climates and seasonal variations in daylight.

Aneurysm

An abnormal bulge in the wall of a blood vessel, which can lead to life-threatening bleeding if it ruptures.

Blood Supply

The provision of blood to tissues and organs through the circulatory system, ensuring the delivery of oxygen and nutrients and the removal of carbon dioxide and waste products.