Art''s at-risk amount in a passive activity


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: Art''s at-risk amount in a passive activity
Reference No:- TGS0555160

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