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In 2017 John disposes of a passivie activity with an adjusted basis of $50,000 for $125,000 and suspended losses of $50,000. What is the total

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In 2017 John disposes of a passivie activity with an adjusted basis of $50,000 for $125,000 and suspended losses of $50,000. What is the total gain and the taxable gain for this activity? o a. $75,000 total gain; $125,000 taxable o b. $75,000 total gain, $25,000 taxable gain. o c. $75,000 total gain, $0 taxable gain od. $60,000 total gain, $15,000 taxable gain. gain

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