Aretha has an agi of less than 100000 and a 25 percent, Ask an Expert

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Aretha has an AGI of less than $100,000 and a 25 percent marginal tax rate. During the year, she reports a $36,000 loss from Activity A and a $24,000 loss from Activity B. Additionally, Activity A generates $8,000 of tax credits. Both activities A and B are passive real estate rental activities in which Anita actively participates and owns over 10 percent of each activity. What are the amounts of Aretha's suspended losses from these activities?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959139

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