During 2019, Amanda was allocated a passive loss of $50,000 in an investment in XYZ Ltd which she had an at-risk amount of $40,000. In 2019 she was also allocated passive income from another investment in ABC LTD of $15,000. What is her amount at-risk for investment in XYZ Ltd on 1/1/2020?

$35,000
($10,000)
$5,000
Zero
$25,000

Answer rating: 100% (QA)

Solution The excess loss will be 500... View the full answer