Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Kia Lopez is single (SSN 412-34-5670) and resides at 101 Poker Street, Apartment 12A, Hickory, FL 34714. Her W-2 shows the following: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $ 56,500 5,100 56,500 3,503 819 -0- In 2021, Kia contributed cash of $7,000 to Apartment Rentals Limited Partnership (ARLP) in return for a 13% limited partnership interest. She is an active participant. Kia's shares of ARLP income and losses for the year per her K-1 were as follows: Interest Dividends (qualified) Capital gains (long-term) Rental loss $35 290 700 (8,300) ARLP had no liabilities. Kia does not itemize and has no other investments or passive activities.