Ricardo Owns Interests in 3 Passive Activities: A, B, and C

Multiple Choice

Ricardo owns interests in 3 passive activities: A, B, and C. During the current year, activity A realizes income of $8,000 while activities B and C realize losses of $16,000 and $24,000, respectively. Determine the amount of suspended loss attributable to activity C.

A) $- 0 -
B) $ 8,000
C) $12,800
D) $19,200
E) $24,000