Homework Answers
| Answer | ||
| a) | Adjusted basis in passive activity | $ 0 |
| b) | Loss suspended under the at risk rules | $ 5,760 |
| (Current passive loss 15,360 - 9,600) | ||
| c) | Suspended passive activity loss | $ 7,680 |
| (current year suspended loss 9,600 + Prior year suspended loss 1,920) | ||
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Exercise 11-30 (Algorithmic) (LO. 7) Rhonda has an adjusted basis and an at-risk amount of $9,600...
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