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HP III IIUIT IL WUJU C u partici. 12-19 Passive-Activity Limitations. M is a successful banker. Two years ago, Ms 27-year- o

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Answer: Given thatin year Sabay interest income 2019 Partnership income Closs) $100000 $20000 $ 40000 2020 100000 20000 12000b) AG1 2020. Salvry > 100000 Interest income -> 20000 Partnership income → 12000 Passive activity loss 12000 Here, AGI 2020 =d) Here, we know that Passive net gatin = Gain – passive activity loss here, Pasive activity loss = 40000 - 10000 = 28000 SO,

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