Sandra Acquired a Passive Activity Three Years Ago

question 120

Multiple Choice

Sandra acquired a passive activity three years ago. Until last year, the activity was profitable and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive activity income in the current or prior years, her suspended passive activity loss from the activity is:

• A) $90,000 from last year and $50,000 from the current year.
• B) $100,000 from last year and $50,000 from the current year.
• C) $0 from last year and $0 from the current year.
• D) $50,000 from the current year.
• E) None of the above.

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Definitions:

Electrical Shock

The physical reaction or injury caused by electric current passing through the body.

Disconnect Items

The action of separating or removing items from a system or collection, often to prevent interaction or functionality.

Legal

Pertaining to laws, regulations, and the judicial system, often in the context of compliance and obligations.

Restraints

Devices or methods used to limit the movements of a patient to prevent harm to themselves or others.