eBook Calculator E Print Item Exercise 6-10 (Algorithmic) (LO. 10) Rose dies with passive activity property having an adjusted basis of $82,800, suspended losses of $26,496, and a fair market value at the date of her death of $115,920. Of the $26,496 suspended loss existing at the time of Rose's death, how much is deductible on her final return or by the beneficiary? to $ ; therefore, none of the $26,496 suspended loss is deductible The basis for the property is stepped-up on Rose's final return or by the beneficiary. Foodback Check My Work Any unused passive activity losses are suspended and carried forward to future years to offset passive activity income generated int years. Otherwise, suspended losses may be used only when a taxpayer disposes of his or her entire interest in an activity