Art's At-Risk Amount in a Passive Activity Was $60,000 at the Beginning

question 92

Multiple Choice

Art's at-risk amount in a passive activity was $60,000 at the beginning of 2014.His loss from the activity in 2014 is $80,000,and he had no passive activity income during the year.Art had $20,000 of passive income from the activity in 2015.Under the passive loss rules,Art's suspended loss at the end of 2015 is:

• A)$15,000.
• B)$20,000.
• C)$45,000.
• D)$60,000.
• E)None of the above.

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