Any losses suspended under the at-risk

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Reference no: EM13864812

In 2012 Tony invests $35,000 in an activity for which he is not a material participant. Tony has no other sources of income. Tony's losses from the activity are as follows:

Income/(Loss)

2012 ($25,000)

2013 ($15,000)

2014 $50,000

Calculate Tony’s deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year.

Reference no: EM13864812

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