During the current year beth and bill who file a joint


During the current year, Beth and Bill, who file a joint return, incurred the following items of income and loss:

Salary $130,000

Activity A (Passive) $10,000

Activity B (rental real estate/nontrade or business) ($30,000)

Activity C (rental real estate/nontrade or business) ($20,000)

Beth and Bill actively participate in activities B and C, and they own 100% of each rental property.

(A) What is their AGI for the year?

(B) What is the amount of suspended losses, if any, that may be carried over with respect to each activity?

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Operation Management: During the current year beth and bill who file a joint
Reference No:- TGS01135006

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