Lucy sells her partnership interest, a passive activity, with an adjusted basis of $390,500 for $429,550. In addition, she has current and suspended losses of $58,575 associated with the partnership and has no other passive activities. Calculate Lucy’s total gain and her current deductible loss. Describe the type of income that the deductible loss may offset.

the answer is either c or b, i cant be to sure tho.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; ///deficit;

answer; purpose nondisclosure;