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  3. 30. during the year, mark reports $90,000 of activ

30. During the year, Mark reports $90,000 of active business income from his law practice....

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Accounting

30. During the year, Mark reports $90,000 of active business income from his law practice. He also owns two passive activities. From Activity A, he earns $20,000 of income. and from Activity B, he incurs a $30,000 loss. As a result, Mark reports AGI of

a. $80,000

b. $90,000 with a $10,000 loss carryopver

c. $90,000 with a $30,000 carryover

d. $110,000 with a $30,000 carryover

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