I:8-47 Passive Losses. In 2010, Julie, a single individual, reported the following items of income and deduction: Salary $166,000 Interest income $14,000 Long-term capital gain from sales of stock $22,000 Short-term capital losses from sales of stock ($17,000) Loss from a passive rental real estate activity ($20,000) Interest expense on loan to purchase stock ($21,000) Qualified residence interest on residence ($12,000) Charitable contributions ($8,000) Property taxes on residence ($5,000) Tax return preparation fees ($2,500) Unreimbursed employee business expenses ($2,000) Julie owns 100% and is an active participant in the rental real estate activity. What is Julies taxable income in 2010? Textbook: Thomas R. Pope, K. E. Prentice Hall's Federal Taxation, 2011 Edition. Prentice Hall