Deteremine the tax treatment

Reference no: EM13295310

Anne sells a rental house for $100,000 (adjusted basis of $55,000). During her ownership, $60,000 of losses have been suspended under the passive activity loss rules. Deteremine the tax treatment to Anne on the diposition of the property.

Reference no: EM13295310

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Deteremine the tax treatment : Anne sells a rental house for $100,000 (adjusted basis of $55,000). During her ownership, $60,000 of losses have been suspended under the passive activity loss rules. Deteremine the tax treatment to Anne on the diposition of the property.

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