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K In the current year Emily reports $140,000 of salary income, $45,000 of income from...

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Accounting

K In the current year Emily reports $140,000 of salary income, $45,000 of income from activity X, and $45,000 and $30,000 losses from activities Y and Z, respectively. All three activities are passive with respect to Emily and are purchased during the current year Read the requirement. Compute the amount of loss that may be deducted per activity. Then compute the amount of loss that must be carried over per activity (Do not round intermediary calculations Enter loss amounts as a positive number If an input field is not used in the table, leave the input field empty, do not enter a zero.) Loss deducted in current year Activity X Y Z Activity X Y Z Loss carried over per activity
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resonct to Emily and sue purchased during the cartert yes

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