Lewis Died During the Current Year

question 94

Multiple Choice

Lewis died during the current year.Lewis owned passive activity property with a FMV of $61,000 and a basis of $48,000.Suspended losses of $15,000 were attributable to the property.How much of the suspended loss is deductible on Lewis's final income tax return?

• A)$0
• B)$2,000
• C)$13,000
• D)$15,000