Dave, who is single, has an AGI of $120,000 before the consideration of any passive activities. Dave has the following passive activity items: ($15,000) loss $20,000 income Activity A - Limited partnership Activity B- Limited partnership Activity C- Rental real estate (active participation) ($30,000) Loss Calculate Ray's AGI after the passive activities.

Dave, who is single, has an AGI of $120,000 before the consideration of any passive activities. Dave has the following passive activity items: Calculate Ray's AGI after the passive activities