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Baxter invested 50000 in an activity in 2007 if you ignore

Question - Baxter invested $50,000 in an activity in 2007. At the beginning of 2009, Baxter's at-risk amount was $10,000. Baxter's share of losses from the activity were as follows: 2009 $(25000), 2010 $10,000 , 2011 $10,000

If you ignore the passive loss rules, how much income/loss will Baxter have from the activity in 2011?

a) $15,000

b) $10,000

c) $5,000

d) $0

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Accounting Basics: Baxter invested 50000 in an activity in 2007 if you ignore

Reference No:- TGS02625650

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