Business
Business, 16.10.2021 06:00, trodrickwilliams2019

during the current year, Pam realizes $6,000 of taxable income from activity A, $1,000 of loss from activity B, and $8,000 of taxable income from activity C. All three activities are passive activities with regard to Pam. In addition, $30,000 of passive losses from activity C are carried over from prior years. During the current year, Pam sells activity C for a $15,000 taxable gain. Pam reports salary income of $90,000 for the year. How much of losses, if any, can Pam deduct from her salary

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during the current year, Pam realizes $6,000 of taxable income from activity A, $1,000 of loss from...

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