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Business, 05.11.2019 06:31 tay840

Art's at-risk amount in a passive activity was $60,000 at the beginning of 2015. his loss from the activity in 2015 is $80,000, and he had no passive activity income during the year. art had $20,000 of passive activity income from the activity in 2016. under the passive activity loss rules, art's suspended loss at the end of 2016 is:
a. $15,000.
b. $20,000.
c. $45,000.
d. $60,000.
e. none of the above.

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