david's at-risk amount in a passive activity was $60,000 at the beginning of 2021. his loss from the activity in 2021 is $80,000, and he had no passive activity income during the year. david had $20,000 of passive activity income from the activity in 2022. under the passive activity loss rules, david's suspended loss at the end of 2022 is:

Answer

David's suspended loss at the end of 2022 is $120,000.

Subtract the loss from the income to determine the current year's net income or loss. A: Net loss for 2021 is $80,000 - $20,000 = $-60,000.
Deduct the current year's net income or loss from the at-risk amount at the beginning of the year. A: $60,000 - $-60,000 = $120,000.