Matt has three passive activities and has at-risk amounts in excess of $100,000 for each. During the year, the activities produced the following income (losses). Activity A ($60,000) Activity B (40,000) Activity C 75,000 Net passive activity loss ($25,000) Matt's suspended losses are as follows:.
a. $25,000 is allocated to C; $0 to A and B.
b. $8,333 is allocated to A, B, and C.
c. $12,500 is allocated to A; $12,500 to B.
d. $15,000 is allocated to A; $10,0.
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Matt has three passive activities and has at-risk amounts in excess of $100,000 for each. During the...
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