Arts at-risk amount in a passive activity was 60000 at the, Ask an Expert

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Art's at-risk amount in a passive activity was $60,000 at the beginning of 2010. His loss from the activity in 2010 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2011. Under the passive loss rules, Art's suspended loss at the end of 2011 is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797191

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