Question: Passive Losses. In 2 0 1 9 , Mark purchased two separate activities. Information regarding these activities for 2 0 1 9 and 2 0

Passive Losses. In 2019, Mark purchased two separate activities. Information regarding
these activities for 2019 and 2020 is as follows:
The 2019 losses were suspended losses for that year. During 2020, Mark also reports
salary income of $120,000 and interest and dividend income of $20,000. Compute the
amount (if any) of losses attributable to Activities A and B that are deductible in 2020 and
any suspended losses carried to 2021.
 Passive Losses. In 2019, Mark purchased two separate activities. Information regarding

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