In 2014, Mark purchased two separate activities. Information regarding these activities for 2014 and 2015 is as

Question:

In 2014, Mark purchased two separate activities. Information regarding these activities for 2014 and 2015 is as follows:

The 2014 losses were suspended losses for that year. During 2015, Mark also reports salary income of $120,000 and interest and dividend income of $20,000. Compute the amount (if any) of losses attributable to Activities A and B that are deductible in 2015 and any suspended losses carried to 2016.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...