Stacey Kessler has the following current-year passive income and loss amounts: $10,000 ABC ($18,000) XYZ...
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Accounting
Stacey Kessler has the following current-year passive income and loss amounts: $10,000 ABC ($18,000) XYZ What is the net income reported this year for the private interest activity if XYZ was disposed of and her at-risk basis is $14,000? A. $0 B. ($3,000) C. ($4,000) D. ($8,000)
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