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Business, 23.03.2020 21:05 sbhunsaker9722

Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Activity A was profitable, but it produced losses of $200,000 in 2018 and $100,000 in 2019. Dorothy has passive activity income from Activity B of $20,000 in 2018 and $40,000 in 2019. After offsetting passive activity income, how much of the net losses may she deduct?

If an amount is zero, enter "0".

In 2018, Dorothy may deduct $ of the net passive activity losses and has $ of passive activity losses suspended. In 2019, Dorothy may deduct $ of the net passive activity losses and has total suspended losses carried forward to 2020 of $ .

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