Baird has four passive activities.The following income and losses are generated in the current year. 
How much of the $60,000 net passive loss can Baird deduct this year? Calculate the suspended losses (by activity).
Definitions:
Existing Customers
Individuals or entities that have previously purchased or are currently using a company's products or services.
Marketing Strategy
A comprehensive plan formulated by an organization to achieve its marketing objectives and satisfy target market needs.
Product Development
The creation of new products or improvements to existing products, including design, manufacturing, and marketing considerations.
Marketing Mix
A set of actions, or tactics, that a company uses to promote its brand or product in the market, commonly identified as product, price, place, and promotion.
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