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Brisk Inc., a closely held corporation that is not a PSC, has an $110,000 passive loss, $90,000 of active income, and $25,000

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Brisk Inc., a closely held corporation that is not a PSC, has an $110,000 passive loss, $90,000 of active income, and $25,000 of portfolio income during the year. How much of the passive loss can Brisk deduct in the current year?

A- $0

B- $25,000

C- $90,000

D- $110,000

E- None of the above

 
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