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Chris M.
Chris M., M.S.W. Social Work
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Sandra acquired a passive activity three years ago. Until last

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Sandra acquired a passive activity three years ago. Until last year, the activity was profitable and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive income in the current or prior years, her suspended passive loss from the activity is:



1. $50,000 from the current year.

2. None of the above.

3. $100,000 from last year and $50,000 from the current year.

4. $0 from last year and $0 from the current year.

5. $90,000 from last year and $50,000 from the current year.
Please explain your answer.
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