During 2018, Kent, a 40-year-old single taxpayer, reports the following items of income and expense:

The amounts above are before any limitations. What is Kent's taxable income for the year?

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Income: Salary Dividends from Alta Corporation Interest income from a savings account Rental income from a small apartment he owns Expenses: Medical Interest on a principal residence Real property taxes on the principal residence Charitable contributions Loss from the sale of Delta Corporation stock (held for two years) Expenses incurred on the rental apartment: Maintenance Property taxes Utilities Depreciation Insurance Alimony payments to former wife (divorced July 21, 2018) $150,000 800 1,500 8,000 6,000 7,000 4,300 4,000 2,000 500 1,000 2,400 1,700 800 10,000