A taxpayer has the following income (losses) for the current year:

Active Income	Portfolio Income	Passive Income (Loss)
$14,780	$34,000	$(39,450)

What is the taxpayer's taxable income (loss) if ...

a.	The taxpayer is a publicly held corporation?	$
b.	The taxpayer is a closely held corporation?	$
c.	The taxpayer is a single individual and the passive income is not from a rental activity?	$
d.	The taxpayer is a single individual and the passive income is the result of a rental activity for which the taxpayer is a qualified real estate professional?	$
e.	The taxpayer is a single individual and the passive income is the result of a rental activity for which the taxpayer fails to qualify as a real estate professional but does meet the active participation test?	$