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2. Francineand Hank are married, filing jointly. a. In 2024, Francine has W-2 wages of $23,000, and Hank has W-2 wages of $85,000.Francine also earned
2. Francineand Hank are married, filing jointly. a. In 2024, Francine has W-2 wages of $23,000, and Hank has W-2 wages of $85,000.Francine also earned $7,000 in dividends, and Hank earned $6,000 in interest income. They have no other adjustments to their adjusted gross income. Francine has Passive Activity A which generated a net loss of $30,000. b. In 2025, Francine has W-2 wages of $25,000, and Hank has W-2 wages of $92,000. Francine also earned $2,000 in dividends, and Hank earned $5,000 in interest income. They have no other adjustments to their adjusted gross income. Francine has Passive Activity A which generated net income of $15,000. 2a. What is the amount of passive investment income, or loss, reported on Francine and Hank's 2024tax return? Answer: 2b. What is the amount of passive investment income, or loss, reported on Francine and Hank's 2025 tax return
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