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Compute the amount of losses due to activities b and c

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Mindy reports the following income and loss for 2020:

Salary................................................................................... $138,000
Income from Activity A............................................................ 41,400
Loss from Activity B.............................................................. (34,500)
Loss from Activity C.............................................................. (69,000)

Problem 1: Activities A, B, and C are all passive activities during 2020 but are not rental activities. Compute the amount of losses due to Activities B and C that are deductible in 2020 and any suspended losses carried forward to 2021.

Reference no: EM132807260

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