Baxter invested $50,000 in an activity in 2011. At the beginning of 2013, Baxter's at-risk amount was $10,000. Baxter's share of losses from the activity were as follows: If you ignore the passive loss rules, how much income/loss will Baxter have from the activity in 2015?
A) $0.
B) $5,000.
C) $10,000.
D)$15,000.

Question

Baxter invested $50,000 in an activity in 2011. At the beginning of 2013, Baxter's at-risk amount was $10,000. Baxter's share of losses from the activity were as follows:  If you ignore the passive loss rules, how much income/loss will Baxter have from the activity in 2015?
A) $0. 
B) $5,000. 
C) $10,000. 
D)$15,000.

Quizplus · Accepted Answer

The Answer of Baxter invested $50,000 in an activity in 2011. At the beginning of 2013, Baxter's at-risk amount was $10,000. Baxter's share of losses from the activity were as follows:  If you ignore the passive loss rules, how much income/loss will Baxter have from the activity in 2015?
A) $0. 
B) $5,000. 
C) $10,000. 
D)$15,000.

Baxter Invested $50,000 in an Activity in 2011