Ariella has AGI of less than $100,000 and a 22% marginal tax rate. During the year, she
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Question:
Ariella has AGI of less than $100,000 and a 22% marginal tax rate. During the year, she reports a $36,000 loss from Activity A and a $24,000 loss from Activity B.
Both activities A and B are passive real estate rental activities in which Ariella actively participates and owns over 10% of each activity.
(a) How much loss can Ariella recognize this year from Activity A ?
(b) How much loss can Ariella recognize this year from Activity B ?
(c) What is Activity A's suspended passive activity loss? ?
(d) What is Activity B's suspended passive activity loss? ?
Expert Answer:
A taxpayer having AGI of less than 100000 can claim upto 25000 loss from passive ... View the full answer
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