Aretha has AGI of less than $100,000. During the year, she reports a $36,000 loss from Activity A and a $24,000 loss from Activity B. Both activities A and B are passive real estate rental activities in which Anita actively participates and owns over 10% of each activity. a. How much loss can be recognized from each activity? Activity A $____________________ Activity B $____________________

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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11. Aretha has AGI of less than $100,000. During the year, she reports a $36,000 loss from Activity A and a $24,000 loss from Activity B. Both activities A and B are passive real estate rental activities in which Anita actively participates and owns over 10% of each activity.

a. How much loss can be recognized from each activity?

Activity A $____________________

Activity B $____________________

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