Multiple Choice
Mara owns an activity with suspended passive losses from prior years of $13,000.In the current year,Mara becomes a material participant in the activity.This year the activity generates $6,000 of income.The net effect of this activity on Mara's current year AGI is
A) an increase of $6,000.
B) a decrease of $13,000.
C) 0)
D) a decrease of $7,000.
Correct Answer:
Verified
Correct Answer:
Verified
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