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7 (A). Barett, an attorney, earns $125,000 from her law practice in the current year. In addition, she receives $50,000 in dividends and interest during

7 (A). Barett, an attorney, earns $125,000 from her law practice in the current year. In addition, she receives $50,000 in dividends and interest during the year. Further, she incurs a loss of $40,000 from an investment in a passive activity. What is Baretts AGI for the year after considering the passive investment?

(MAKE SURE TO ACCOUNT FOR THE TCJA CHANGES OF 2017 IF RELEVANT)

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