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