27. Which of the following are passive activities?

e. Laura owns a commercial office building. She spends more than 500 hours a year managing the building. She also spends 1700 hs working in her own real estate development firm.

f. Assume the same facts as in part e, except that Laura hires a full time manager for the commercial office building. She spends 75 hs meeting with the manager and reviewing the operations.

60.Katelyn purchased 300 shares of Condine, INC. stock in 2014 for $9000. During 2016, she sells 200 shares of Condine to he brother, Jon, for $3600 and the remaining 100 shares to an unrelated third party for $2000.

c) Assume that Jon sells the shares in 2017 for $6200. What impact does the sale have on his and Katelyn's 2017 taxable incomes?

d) Assume that Jon sells the shares in 2017 for $3100. What impact does the sale have on his and Katelyn's 2017 taxable incomes?

67. Ghon and LI own a home on Lake GIbran. During a heavy rainstorm, the lake overflows and floods the basement, which is used as their family room. The entire contents of the basement (rug, furniture, stereo, and so on) are destroyed. The insurance adjuster estimates that the damage to the basement and its contents is $13500. Ghon and Li do not have flood insurance, so the insurance company will reimburse them only $2700 for the damage. If their AGI for the year is $58000, what is their deductible casuality loss?