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14) Taxpayer receives income from three separate schedules K-1. The first activity has positive income of 3,000. Taxpayer is active in this activity. The other

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14) Taxpayer receives income from three separate schedules K-1. The first activity has positive income of 3,000. Taxpayer is active in this activity. The other two activities have total net losses of (2,500). Taxpayer is passive in both activities. What amount of net income will taxpayer report from these three schedules K-1? a. 1,000 b. 0 C. 3,000 d. (2,500)

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