Artrsquos at-risk amount in a passive activity was 60000 at, Financial Accounting

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Artrsquos at-risk amount in a passive activity was 60000 at

Art’s at-risk amount in a passive activity was $60,000 at the beginning of 2014. His loss from the activity in 2014 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2015. Under the at-risk rules, Art’s suspended loss at the end of 2014 is:

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Financial Accounting: Artrsquos at-risk amount in a passive activity was 60000 at

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Financial Accounting: Artrsquos at-risk amount in a passive activity was 60000 at

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