Vic's At­risk Amount in a Passive Activity Is $200,000 at the Beginning

question 55

Multiple Choice

Vic's at­risk 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 loss of $80,000.
• B)Vic has an at-risk amount in the activity of $200,000 and a suspended passive loss of $80,000.
• C)Vic has an at-risk amount in the activity of $120,000 and no suspended passive loss.
• D)Vic has an at-risk amount in the activity of $200,000 and no suspended passive loss.
• E)None of these.