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Baxter Invested $50,000 in an Activity in 2011

Question 33

Multiple Choice

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: 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. 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.

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