Suspended passive loss, Several years ago, Joy acquired a

Suspended passive loss

Reference no: EM13141811

Several years ago, Joy acquired a passive activity. Until 2004, the activity was profitable. Joy's at-risk amount at the beginning of 2004 was $300,000. The activity produced losses of $80,000 in 2004, $50,000 in 2005, and $70,000 in 2006; it produced income of $90,000 in 2007. How much is Joy's suspended passive loss at the beginning of 2008?

Reference no: EM13141811

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