Cash donation to Midwest State University $ 30,000 $ 30,000 Unimproved land to the city of Terre Haute, Indiana $ 70,000 $ 210,000 The land had been held as an investment and was acquired 4 years ago. Shortly after receipt, the city of Terre Haute sold the land for $ 210,000. Karen ' s AGI is $ 450,000. 19.( TCO 3) Josh has investments in two passive activities. Activity A, acquired three years ago, produces income in the current year of $ 60,000. Activity B, acquired last year, produces a loss of $ 100,000 in the current year. At the beginning of this year, Josh ' s at-risk amounts in Activities A and B are $ 10,000 and $ 100,000, respectively. What is the amount of Josh ' s suspended passive loss with respect to these activities at the end of the current year? 20.( TCO 3) Sandra acquired a passive activity three years ago. Until last year, the activity was profitable and her at-risk amount was $ 300,000. Last year, the activity produced a loss of $ 100,000, and in the current year, the loss is $ 50,000. Assuming Sandra has received no passive income in the current or prior years, her suspended passive loss from the activity is: 21.( TCO 3) Vic ' s at-risk amount in a passive activity is $ 200,000 at the beginning of the current year. His current loss from the activity is $ 80,000. Vic had no passive activity income during the year. At the end of the current year: 22.( TCO 2) The installment method applies to which of the following sales with payments being made in the year following the year of sale? 23.( TCO 2) In 2009, Helen sold property and reported her gain by the installment method. Her basis in the property was $ 150,000($ 250,000 cost less $ 100,000 of depreciation). Helen sold the property for $ 375,000, with $ 75,000 due on the date of the sale and $ 300,000( plus interest at the federal rate) due in 2010. Helen ' s recognized installment sale gain in 2010 is: 24.( TCO 2) Pedro, NOT a dealer, sold real property that he owned with an adjusted basis of $ 60,000 and encumbered by a mortgage for