eBook Calculator Exercise 11-30 (Algorithmic) (LO. 7) Rhonda has an adjusted basis and an at-risk amount of $20,400 in a passive activity at the beginning of the year. She also has a suspended passive activity loss of $4,080 carried over from the prior year. During the current year, she has a loss of $32,640 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year, If an amount is zero, enter "0". At year-end, Rhonda has the following: a. Adjusted basis in the passive activity: S 0 b. LOSS suspended under the at-risk rules: 12,240 c. Suspended passive activity lass: Feedback The at-risk provisions limit the deductibility of losses from business and income producing activities. These provisions, which apply to individuals and closely held corporations, are designed to prevent taxpayers from deducting losses in excess of their actual economic Investment in an activity. Check My Work Previous Next > ir de 2:06 PM 10/13/2000 D (hp)