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Business, 23.03.2020 22:42 alexprince13
At the beginning of the year, Amber has a carryover of unused losses in the amount of $1,250 under the at-risk rules and $2,000 under the passive loss rules. In the current year, Amber has no gain or loss from her passive activity, however she contributes $6,000 to the passive activity. She has no other passive income for the year.
At year-end, Amber has the following: (if an amount is zero, enter "0"). Adjusted basis and an at-risk amount in the passive activity: $
Suspended losses under the at-risk rules: $
Suspended passive losses: $
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At the beginning of the year, Amber has a carryover of unused losses in the amount of $1,250 under t...
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