Jeffrey Heinz, a Salaried Person, Incurred a Loss of $4,000

question 13

Multiple Choice

Jeffrey Heinz, a salaried person, incurred a loss of $4,000 from passive activities. This loss can be applied as a deduction to offset taxable income from:

• A)his salary
• B)his long-term capital gains for the year
• C)passive activities
• D)any source

---

Definitions:

Motivational Impact

The influence of various factors on an individual's willingness to pursue goals or perform tasks.

Realistic Goal

An objective that is achievable and practical, considering the available resources, constraints, and individual capabilities.

Extraordinary Challenge

A task or situation that is exceptionally difficult and requires unusual effort or resources to overcome.

Over-Extend

To stretch oneself too thin, either financially, emotionally, or physically, beyond one's capacity or resources.