In 2018, Paul purchased two separate activities. Information regarding these activities for 2018 and 2019 is as follows: E (Click the icon to view the data.) The 2018 losses were suspended losses for that year. During 2019, Paul also reports salary income of $95,000 and interest and dividend income of $18,000. Requirement Compute the amount (if any) of losses attributable to Activities A and B that are deductible in 2019 and any suspended losses carried to 2020. Deductible losses attributable to activities A and B in 2019 Suspended losses carried over to 2020 Data Table 2018 2019 Activity Status Income (Loss) Activity Statu. Income (Loss) A Passive 2$ (31,000) A Active 2$ 15,000 B Passive (13,000) B Passive 21,000 Done

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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In 2018, Paul purchased two separate activities. Information regarding these activities for 2018 and 2019 is as follows:
E (Click the icon to view the data.)
The 2018 losses were suspended losses for that year. During 2019, Paul also reports salary income of $95,000 and interest and dividend income of $18,000.
Requirement
Compute the amount (if any) of losses attributable to Activities A and B that are deductible in 2019 and any suspended losses carried to 2020.
Deductible losses attributable to activities A and B in 2019
Suspended losses carried over to 2020
Data Table
2018
2019
Activity
Status
Income (Loss)
Activity
Status
Income (Loss)
A
Passive
$
(31,000)
A
Active
$
15,000
B
Passive
(13,000)
B
Passive
21,000
Done
Transcribed Image Text:In 2018, Paul purchased two separate activities. Information regarding these activities for 2018 and 2019 is as follows: E (Click the icon to view the data.) The 2018 losses were suspended losses for that year. During 2019, Paul also reports salary income of $95,000 and interest and dividend income of $18,000. Requirement Compute the amount (if any) of losses attributable to Activities A and B that are deductible in 2019 and any suspended losses carried to 2020. Deductible losses attributable to activities A and B in 2019 Suspended losses carried over to 2020 Data Table 2018 2019 Activity Status Income (Loss) Activity Status Income (Loss) A Passive $ (31,000) A Active $ 15,000 B Passive (13,000) B Passive 21,000 Done
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