Linda Owns Three Passive Activities That Had the Following Results

question 55

Multiple Choice

Linda owns three passive activities that had the following results for the current year:
?
$$\begin{array} { l c } \text { Passive Activity A } & \$ ( 4,500 ) \\\text { Passive Activity B } & 20,000 \\\text { Passive Activity C } & ( 25,500 ) \end{array}$$
If none of the passive activities are rental real estate activities, what is the amount of suspended loss attributable to Activity A?

• A)$- 0 -
• B)$ 1,500
• C)$ 4,500
• D)$ 8,500
• E)$10,000

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Definitions:

Marketing Form

A type or method of marketing activity or strategy, characterized by its particular characteristics or tactics.

Single Firm

A business entity that is independently owned and operated, often characterized by a concentrated decision-making process.

Pure Monopoly

A market structure where a single supplier controls all production and sales of a particular product or service, with no close substitutes available.

Federal Government

The national government of a federated state, which holds the authority over the entire nation and its international affairs, distinct from state or local governments.