Passive Losses. In 2018, Mark purchased two separate activities. Information regarding these…


Passive Losses. In 2018, Mark purchased two separate activities. Information touching these activities for 2018 and 2019 is as follows:

The 2018 losses were pendulous losses for that year. During 2019, Mark besides reports hire proceeds of $120,000 and concern and dividend proceeds of $20,000. Compute the total (if any) of losses imputable to Activities A and B that are deductible in 2019 and any pendulous losses carried to 2020.