Solution-Calculate annie deductible loss and basis

Calculate annie deductible loss and basis

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Reference no: EM132058810

Question - In 2012 Annie invests $55,000 in an activity for which she is not a material participant. Annie has no other sources of income. Annie's losses from the activity are as follows:
Income/(Loss)

2012 ($45,000)

2013 ($20,000)

2014 $30,000

Calculate Annie's deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year.

Reference no: EM132058810

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Calculate annie deductible loss and basis

Reference no: EM132058810

Reference no: EM132058810

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