Under the at-risk rules, Art’s at-risk amount in a passive

Under the at-risk rules

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Reference no: EM131259489

Art’s at-risk amount in a passive activity was $60,000 at the beginning of 2014. His loss from the activity in 2014 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2015. Under the at-risk rules, Art’s suspended loss at the end of 2014 is:

Reference no: EM131259489

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Under the at-risk rules : Art’s at-risk amount in a passive activity was $60,000 at the beginning of 2014. His loss from the activity in 2014 is $80,000, and he had no passive activity income during the year. Art had $20,000 of passive income from the activity in 2015. Under ..

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