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In 2017, Ingrid Haddock had the following: net income from passive activities, $10,000; net income from nonpassive activities, $7,000; net loss from passive activities, $2,500;
In 2017, Ingrid Haddock had the following: net income from passive activities, $10,000; net income from nonpassive activities, $7,000; net loss from passive activities, $2,500; net loss from nonpassive activities, $3,000. For purposes of filing Form 8582, what is Ingrid's overall gain or loss for 2017? |
Ingrid has an overall gain of $11,500 from all of her activities and does not have to file Form 8582. | |
Ingrid has an overall gain from her passive activities and does not have to file Form 8582. | |
Ingrid has a gain of $17,000 from all of her activities and will need to file Form 8582. | |
Ingrid has losses from her activities totaling $5,500 and will need to file Form 8582. |
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