(Answered) Question - during the current year violet inc a closely

Accounting

Question - During the current year violet inc a closely held not a PSC has $ 55,000 of passive activity loss $80,000 of net activity income and $ 20,000 of portfolio income. How much is Violets taxable income for the year

a) 20,000

b) 45,000

c) 80,000

d) 100,000

e) none of above

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