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Beth is a very busy person who is involved with a lot of different activities. A summary of income and loss items from these different
Beth is a very busy person who is involved with a lot of different activities. A summary of income and loss items from these different sources for 2020 is listed below: Wage Income $54,000 Business Loss on Schedule C ($6,000) Interest Income $2,000 Dividend Income (all qualified) $3.000 Passive Business loss from a Partnership ($2,500) Passive Business Income from an S $1.000 Corporation Passive Loss from Rental Real Estate (with active participation) ($3,000) What is Beth's AGI for the year? O $50,000 $49.000 O $53,000 0 $48,500 0 $51,000
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