Question: four passive activities: Table Summary: A 4-row 2-column table. The row entries are as follows. Activity 1, 20,000. Activity 2, 10,000. Activity 3, 5,000. Activity
four passive activities: Table Summary: A 4-row 2-column table. The row entries are as follows. Activity 1, 20,000. Activity 2, 10,000. Activity 3, 5,000. Activity 4, 33,000. The values are in dollars. Activity 1 $(20,000) Activity 2 (10,000) Activity 3 (5,000) Activity 4 33,000 Activity 4 had $10,000 of passive losses that are carried over from a prior year. Robert also had wages of $110,000. How much income or loss does Robert have from the four activities? How are the suspended PALs allocated? If Activity 1 were sold at an $18,000 gain, what would be the total income or loss from the four activities
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