Solution-What would be the total income or loss

What would be the total income or loss

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Reference no: EM132969585

Question - This year Robert had the following income and losses from four passive activities:

Activity 1 $(21,000)

Activity 2 (10,600)

Activity 3 (5,400)

Activity 4 34,600

Activity 4 had $10,500 of passive losses that are carried over from a prior year. Robert also had wages of $118,000.

If Activity 1 were sold at an $19,300 gain, what would be the total income or loss from the four activities?

Reference no: EM132969585

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What would be the total income or loss

Reference no: EM132969585

Reference no: EM132969585

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