SlideShare a Scribd company logo
1 of 1
Download to read offline
In 2012 Annie invests $55,000 in an activity for which she is not a material participant. Annie
has no other sources of income. Annie's losses from the activity are as follows:
Income/(Loss)
2012 ($45,000)
2013 ($20,000)
2014 $30,000
Calculate Annie’s deductible loss, basis, and any losses suspended under the at-risk and/or
passive activity loss rules each year.
Solution
As Tonu is not a material participant, the basis will be
Year 1 55000
Year 2 10000(55000-45000)
Year 3 -10000(10000-20000)
The risk will be
2012 55000
2013 10000
2014 (10000)

More Related Content

More from umamaheshwari991

In 8 years Joey and Monica would like to have $14000 for a down paym.pdf
In 8 years Joey and Monica would like to have $14000 for a down paym.pdfIn 8 years Joey and Monica would like to have $14000 for a down paym.pdf
In 8 years Joey and Monica would like to have $14000 for a down paym.pdfumamaheshwari991
 
In 2015, Dominique and Felix are married and file a joint Federal In.pdf
In 2015, Dominique and Felix are married and file a joint Federal In.pdfIn 2015, Dominique and Felix are married and file a joint Federal In.pdf
In 2015, Dominique and Felix are married and file a joint Federal In.pdfumamaheshwari991
 
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdf
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdfIn 2014, the AICPAs Professional Ethics Executive Committee adopte.pdf
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdfumamaheshwari991
 
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdf
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdfIn 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdf
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdfumamaheshwari991
 
In 2011, the government of Greece ran into severe financial difficul.pdf
In 2011, the government of Greece ran into severe financial difficul.pdfIn 2011, the government of Greece ran into severe financial difficul.pdf
In 2011, the government of Greece ran into severe financial difficul.pdfumamaheshwari991
 
In 2009, AppleSolution In an agricultural re.pdf
In 2009, AppleSolution                     In an agricultural re.pdfIn 2009, AppleSolution                     In an agricultural re.pdf
In 2009, AppleSolution In an agricultural re.pdfumamaheshwari991
 
In 2001, 34.6 of European citizens stated they had been the victim .pdf
In 2001, 34.6 of European citizens stated they had been the victim .pdfIn 2001, 34.6 of European citizens stated they had been the victim .pdf
In 2001, 34.6 of European citizens stated they had been the victim .pdfumamaheshwari991
 
In 1974, there were 17 countries that had at least One nuclear react.pdf
In 1974, there were 17 countries that had at least One nuclear react.pdfIn 1974, there were 17 countries that had at least One nuclear react.pdf
In 1974, there were 17 countries that had at least One nuclear react.pdfumamaheshwari991
 
In 1948 Claude Shannon quantified information asSolutionDescr.pdf
In 1948 Claude Shannon quantified information asSolutionDescr.pdfIn 1948 Claude Shannon quantified information asSolutionDescr.pdf
In 1948 Claude Shannon quantified information asSolutionDescr.pdfumamaheshwari991
 
Importance of IA functionKey concepts of independent and objectivi.pdf
Importance of IA functionKey concepts of independent and objectivi.pdfImportance of IA functionKey concepts of independent and objectivi.pdf
Importance of IA functionKey concepts of independent and objectivi.pdfumamaheshwari991
 
Important to reference, main referencing styles and role of bibliogr.pdf
Important to reference, main referencing styles and role of bibliogr.pdfImportant to reference, main referencing styles and role of bibliogr.pdf
Important to reference, main referencing styles and role of bibliogr.pdfumamaheshwari991
 
Implement a linear congruential random generator and study the perio.pdf
Implement a linear congruential random generator and study the perio.pdfImplement a linear congruential random generator and study the perio.pdf
Implement a linear congruential random generator and study the perio.pdfumamaheshwari991
 
Implement a four-band subband coder. Use a speech signal you recorde.pdf
Implement a four-band subband coder. Use a speech signal you recorde.pdfImplement a four-band subband coder. Use a speech signal you recorde.pdf
Implement a four-band subband coder. Use a speech signal you recorde.pdfumamaheshwari991
 
In 2000, in Country A, the average family net worth was $410,000, an.pdf
In 2000, in Country A, the average family net worth was $410,000, an.pdfIn 2000, in Country A, the average family net worth was $410,000, an.pdf
In 2000, in Country A, the average family net worth was $410,000, an.pdfumamaheshwari991
 
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdf
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdfIn 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdf
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdfumamaheshwari991
 
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdf
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdfIn 1995, Oseola McCarty donated $150,000 to the University of Southe.pdf
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdfumamaheshwari991
 

More from umamaheshwari991 (16)

In 8 years Joey and Monica would like to have $14000 for a down paym.pdf
In 8 years Joey and Monica would like to have $14000 for a down paym.pdfIn 8 years Joey and Monica would like to have $14000 for a down paym.pdf
In 8 years Joey and Monica would like to have $14000 for a down paym.pdf
 
In 2015, Dominique and Felix are married and file a joint Federal In.pdf
In 2015, Dominique and Felix are married and file a joint Federal In.pdfIn 2015, Dominique and Felix are married and file a joint Federal In.pdf
In 2015, Dominique and Felix are married and file a joint Federal In.pdf
 
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdf
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdfIn 2014, the AICPAs Professional Ethics Executive Committee adopte.pdf
In 2014, the AICPAs Professional Ethics Executive Committee adopte.pdf
 
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdf
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdfIn 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdf
In 2012, the Commonwealth of Virginia contemplated outsourcing the m.pdf
 
In 2011, the government of Greece ran into severe financial difficul.pdf
In 2011, the government of Greece ran into severe financial difficul.pdfIn 2011, the government of Greece ran into severe financial difficul.pdf
In 2011, the government of Greece ran into severe financial difficul.pdf
 
In 2009, AppleSolution In an agricultural re.pdf
In 2009, AppleSolution                     In an agricultural re.pdfIn 2009, AppleSolution                     In an agricultural re.pdf
In 2009, AppleSolution In an agricultural re.pdf
 
In 2001, 34.6 of European citizens stated they had been the victim .pdf
In 2001, 34.6 of European citizens stated they had been the victim .pdfIn 2001, 34.6 of European citizens stated they had been the victim .pdf
In 2001, 34.6 of European citizens stated they had been the victim .pdf
 
In 1974, there were 17 countries that had at least One nuclear react.pdf
In 1974, there were 17 countries that had at least One nuclear react.pdfIn 1974, there were 17 countries that had at least One nuclear react.pdf
In 1974, there were 17 countries that had at least One nuclear react.pdf
 
In 1948 Claude Shannon quantified information asSolutionDescr.pdf
In 1948 Claude Shannon quantified information asSolutionDescr.pdfIn 1948 Claude Shannon quantified information asSolutionDescr.pdf
In 1948 Claude Shannon quantified information asSolutionDescr.pdf
 
Importance of IA functionKey concepts of independent and objectivi.pdf
Importance of IA functionKey concepts of independent and objectivi.pdfImportance of IA functionKey concepts of independent and objectivi.pdf
Importance of IA functionKey concepts of independent and objectivi.pdf
 
Important to reference, main referencing styles and role of bibliogr.pdf
Important to reference, main referencing styles and role of bibliogr.pdfImportant to reference, main referencing styles and role of bibliogr.pdf
Important to reference, main referencing styles and role of bibliogr.pdf
 
Implement a linear congruential random generator and study the perio.pdf
Implement a linear congruential random generator and study the perio.pdfImplement a linear congruential random generator and study the perio.pdf
Implement a linear congruential random generator and study the perio.pdf
 
Implement a four-band subband coder. Use a speech signal you recorde.pdf
Implement a four-band subband coder. Use a speech signal you recorde.pdfImplement a four-band subband coder. Use a speech signal you recorde.pdf
Implement a four-band subband coder. Use a speech signal you recorde.pdf
 
In 2000, in Country A, the average family net worth was $410,000, an.pdf
In 2000, in Country A, the average family net worth was $410,000, an.pdfIn 2000, in Country A, the average family net worth was $410,000, an.pdf
In 2000, in Country A, the average family net worth was $410,000, an.pdf
 
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdf
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdfIn 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdf
In 1895 an Italian criminologist, Cesare Lombroso, proposed that blo.pdf
 
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdf
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdfIn 1995, Oseola McCarty donated $150,000 to the University of Southe.pdf
In 1995, Oseola McCarty donated $150,000 to the University of Southe.pdf
 

Recently uploaded

An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismDabee Kamal
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...Gary Wood
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024Borja Sotomayor
 
Book Review of Run For Your Life Powerpoint
Book Review of Run For Your Life PowerpointBook Review of Run For Your Life Powerpoint
Book Review of Run For Your Life Powerpoint23600690
 
8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital ManagementMBA Assignment Experts
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....Ritu480198
 
Trauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesTrauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesPooky Knightsmith
 
SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code ExamplesPeter Brusilovsky
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsSandeep D Chaudhary
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...EADTU
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...Nguyen Thanh Tu Collection
 
Observing-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptxObserving-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptxAdelaideRefugio
 
Improved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio AppImproved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio AppCeline George
 
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...Nguyen Thanh Tu Collection
 
How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17Celine George
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...Nguyen Thanh Tu Collection
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi RajagopalEADTU
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSean M. Fox
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptNishitharanjan Rout
 

Recently uploaded (20)

An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in Hinduism
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024
 
Book Review of Run For Your Life Powerpoint
Book Review of Run For Your Life PowerpointBook Review of Run For Your Life Powerpoint
Book Review of Run For Your Life Powerpoint
 
8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
Trauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesTrauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical Principles
 
SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
Observing-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptxObserving-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptx
 
Improved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio AppImproved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio App
 
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
 
How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopal
 
Including Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdfIncluding Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdf
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.ppt
 

In 2012 Annie invests $55,000 in an activity for which she is not a .pdf

  • 1. In 2012 Annie invests $55,000 in an activity for which she is not a material participant. Annie has no other sources of income. Annie's losses from the activity are as follows: Income/(Loss) 2012 ($45,000) 2013 ($20,000) 2014 $30,000 Calculate Annie’s deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year. Solution As Tonu is not a material participant, the basis will be Year 1 55000 Year 2 10000(55000-45000) Year 3 -10000(10000-20000) The risk will be 2012 55000 2013 10000 2014 (10000)