Exercise 11-32 (Algorithmic) (LO. 9) 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 $ 26,496 x; 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