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How should alfred treat year results from these activities

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Problem - Alfred has investments in three passive activities: In year 1, PA-1 had a gain of $3,000, PA-2 had a loss of $10,000, and PA-3 had a loss of $5,000. In year 2, PA-1 has a gain of $12,000, PA-2 has a $1,000 loss, and PA-3 has a loss of $2,000.

How should Alfred treat the year 1 results from these activities?

How should Alfred treat the year 2 results from these activities?

Reference no: EM131565123

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