What is the suspended loss for each activity

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Question - Mr. Jones owned three passive activities in 2018 (she had no suspended losses prior to 2018):

Activity

Date Acquired

2018 Allocated gain/(loss)

A

9/20/96

(60,000)

B

5/06/99

40,000

C

7/9/00

(30,000)

Required - How much passive loss (against non-passive income) she can deduct? What is the suspended loss for each activity and the manner in which it is allocated?

Reference no: EM133069381

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