Question: * * * * give me C correct answer * * * Problem 1 1 - 6 2 ( LO . 9 ) Tonya sells
give me C correct answer
Problem LO
Tonya sells a passive activity in the current year for $ Her adjusted basis in the activity is $ and she uses the installment method of reporting the gain. The activity has suspended losses of $ Tonya receives $ in the year of sale.
a What is her gross profit ratio on the sale? $
b Her recognized gain for the current year is $
c Tonya can currently deduct $ X of suspended losses.
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