Compute tonys deductible loss basis and any losses

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Reference no: EM13393684

In 2011 Tony invests $35,000 in an activity for which he is not a material participant. Tony has no othersources of income. Tony's losses from the activity are as follows:

Income/(Loss)

2011 ($25,000)

2012 ($15,000)

2013 $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: EM13393684

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