1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
4 years ago
7

lia acquired passive Activity A in January 2014 and passive Activity B in July 2016. Until 2017, Activity A was profitable. Acti

vity A produced a loss of $190,000 in 2017 and a loss of $190,000 in 2018. She had passive income from Activity B of $80,000 in 2017, and $55,000 in 2018. How much of the net passive losses may she deduct in 2017 and 2018 respectively
Business
1 answer:
Slav-nsk [51]4 years ago
6 0

Answer:

Lia may deduct $110,000 and $135,000 of the net passive losses in 2017 and 2018 respectively.

Explanation:

2017 Passive Activity Limitations $190,000

Passive Income ($80,000) – loss allowed to the extent of passive income

Suspended Passive Activity Limitations $110,000

2018 Passive Activity Limitations $190,000

Passive Income ($55,000) – loss allowed to the extent of passive income

Suspended Passive Activity Limitations $135,000

$245,000 Suspended Passive Activity Limitations

You might be interested in
Question 6 of 10
DaniilM [7]
I believe D : ) hope it helps
8 0
3 years ago
The best way to build a strong network of people who help you is to
Andrej [43]
Communicate positively, and encourage other people
7 0
3 years ago
Read 2 more answers
Out of all the business types you learned about,is the most complex in order to form.
Dennis_Churaev [7]

Ranging from a sole proprietorship to a business corporation, a business corporation in the most complex type of business to form. Corporations are for-profit operations formed under the laws of a particular state and regulated by that state, as well as other agencies depending on what the business does.

7 0
4 years ago
Read 2 more answers
Nations specialize in production and engage in international trade in order to Multiple Choice protect domestic consumers and pr
earnstyle [38]

A lot of nations often produce different types of goods. Nations specialize in production and engage in international trade in order to increase output and income.

  • There are several reasons why nations specialize and engage in trade.  The obvious reason is the principle of comparative advantage.

This principle states that each country should focus in the products that it can produce most steadily and cheaply and trade those products for goods that foreign countries can produce most readily and cheaply.

Learn more from

brainly.com/question/7275156

5 0
3 years ago
What organization can you contact to find local trade shows?
lara31 [8.8K]
<h3>Hello there!</h3>

Your question asks what organization you could contact to find local trade shows.

<h3>Answer: The Chamber of Commerce</h3>

The reason why "The Chamber of Commerce" is the correct answer because there are specifically the ones that deal with businesses that want to promote their business to other businesses. They help businesses network with each other.

If a business contacts The Chamber of Commerce, they will tell you where the nearest trade show is at.

A trade show is a place where businesses go to promote their businesses to other businesses, and possibly get a chance to get a partnership or cooperate with another business

<h3>Why the other answer choices are incorrect:</h3>

"The American Heart Association" is incorrect because they don't help businesses out. Their focus is to fund the research of cardiovascular diseases

"The sports arena" is because they don't deal with businesses at all. The only thing a sports arena does it showcase sports games. This answer would be easily out.

"The Department of Water and Power" is incorrect because they only work on anything electrical or water related. They build and fix things that's in the area. This answer would be easily out too.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
3 0
3 years ago
Other questions:
  • You are assigned to a team focusing on how to best welcome refugees to a city and have been told to look at laws
    15·2 answers
  • At a recent family gathering you overheard your two brothers debating the merits of their vacation savings plans. Kyle, your you
    11·1 answer
  • Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ
    12·1 answer
  • Jim is able to sell a hand-carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost
    5·1 answer
  • You have decided to use Holland's Typology of Personality and Congruent Occupations to help your friends recognize which jobs th
    15·1 answer
  • Using websites such as the U.S. Census Bureau is an example of what type of data source?
    11·2 answers
  • Which of the following statements is true? In market equilibrium:
    8·1 answer
  • The accounting records of Dixon Company revealed the following costs: direct materials used, $300,000; direct labor, $450,000; m
    12·1 answer
  • On March 25, Parscale Company purchases the rights to a mineral interest for $8,519,000. At that time, the remaining recoverable
    9·1 answer
  • why is allowance for doubtful accounts credited, instead of accounts receivable, when recording the adjusting entry for bad debt
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!