Consider these facts for 2023: Husband works at Kroger 1000 hours per year and makes 30K (box 1) as a w-2 wage Wife is a self employed realtor working 1500 hours a year as a realtor. She has no other "working" jobs. She: o Earned 50K in commission income as a realtor o Spent 25K on expenses to earn the realtor income (i.e. her deductible expenses are 25K) o The realtor business is run through her single-member LLC (the LLC earns the income and incurs the expenses) - she is the only member in the LLC o Owns 10 existing rentals - all were rented out on 1 year contracts to tenants for the entire year. Each have an annual profit of 2K after depreciation - she spent 20 hours during the year working on each rental o Bought a new rental: It is an airBNB The average customer stay is 6 days during 2023 Once purchased, she didn't use it personally (it was either available for rent or rented through AirBNB all

onsider these facts for 2023 : - Husband works at Kroger 1000 hours per year and makes 30K (box 1) as a w-2 wage - Wife is a self employed realtor working 1500 hours a year as a realtor. She has no other "working" jobs. She: - Earned 50K in commission income as a realtor - Spent 25K on expenses to earn the realtor income (i.e. her deductible expenses are 25K) - The realtor business is run through her single-member LLC (the LLC earns the income and incurs the expenses) - she is the only member in the LLC - Owns 10 existing rentals - all were rented out on 1 year contracts to tenants for the entire year. Each have an annual profit of 2K after depreciation - she spent 20 hours during the year working on each rental - Bought a new rental: - It is an airBNB - The average customer stay is 6 days during 2023 - Once purchased, she didn't use it personally (it was either available for rent or rented throuah AirBNB all - Cost was 250K (for the home and 1/4 acre surrounding it) when she bought it - she paid the full 250K from her checking account (i.e. she didn't finance this purchase) - Rental income is 15K - Deductible expenses (besides depreciation) are 20K - She worked 102 hours during the year on the AirBNB rental (those were hours spent buying it, maintaining it, renting it out, etc) - The maid (person who cleans the Airbnb between rentals) worked 105 hours during the year on that AirBNB rental - They have no kids - They don't itemize - They don't have health insurance - They have no other income or expenses besides what I mentioned and do not contribute money to any retirement plans during the year What is their lowest possible joint 2023 taxable income on their 2023 individual tax return given these facts? Write your message