Question: Passive Losses. During the current year, Juan, a single individual, has AGI of $ 1 2 4 , 0 0 0 before taking into account

Passive Losses. During the current year, Juan, a single individual, has AGI of $124,000 before taking into account any passive activity losses. He also actively participates and owns 100% of activity A, which is a real estate rental activity. For the year, activity A generates a net loss of $6,000 and $3,000 in tax credits. Juan is in the 24% tax bracket. What is the amount of suspended loss and credit from activity A that must be carried to subsequent years?

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