I:9-44 Passive Losses: Rental Real Estate. During the current year, Irene, a married individual who files a joint return, reports the following items of income and loss:

Salary $130,000 Activity X (passive) 10,000 Activity Y (rental real estate, nontrade or business) (30,000)

Activity Z (rental real estate, nontrade or business) (20,000)

Irene actively participates in activities Y and Z and owns 100% of both Y and Z.

a. What is Irene’s AGI for the year?

b. What is the amount of suspended losses (if any) that may be carried over with respect to each activity?