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Spencer Has an Ownership Interest in Three Passive Activities

Question 49

Multiple Choice

Spencer has an ownership interest in three passive activities.In the current tax year,the activities had the following income and losses: Spencer has an ownership interest in three passive activities.In the current tax year,the activities had the following income and losses: How much in passive losses can Spencer deduct? A) $0. B) $12,000. C) $16,000. D) $20,000. How much in passive losses can Spencer deduct?


A) $0.
B) $12,000.
C) $16,000.
D) $20,000.

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