MCQ-08203Which of the following statements regarding an individual's suspended passive activity losses is correct?

A、$3,000ofsuspendedlossescanbeutilizedeachyearagainstportfolioincome.
B、Suspendedlossescanbecarriedforward,butnotback,untilutilized.
C、Suspendedlossesmustbecarriedbackthreeyearsandforwardsevenyears.
D、Amaximumof50percentofthesuspendedlossescanbeusedeachyearwhenanelectionismadetoforgothecarrybackperiod.