In 2019, Sylvia, a single individual, reported the following items of income and deduction

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Requirement Sylvia owns 100% and is an active participant in the rental real estate activity. What is her taxable income for 2019? x Data Table Begin by determining whether Sylvia is entitled to a deduction for rental real estate activities. (Enter "0" if Sylvia is not eligible for the The deduction for rental real estate losses is $ Now determine the taxable income for 2019. Begin by calculating the adjusted gross income (AGI). Salary $ 150,000 Interest income 10,000 Long-term capital gain from sales of stock Short-term capital losses from sales of stock Loss from a passive rental real estate activity Interest expense on loan to purchase stock Qualified residence interest on residence Adjusted gross income (AGI) Now calculate the itemized deductions 22,000 (17,000) (15,000) (17,000) (10,000) (7,500) (6,000) (2,400) (2,200) Charitable contributions Property taxes on residence Tax return preparation fees Unreimbursed employee business expenses Data Table Adjusted gross income (AGI) Now calculate the itemized deductions. Salary $ 150,000 Interest income Total itemized deductions Long-term capital gain from sales of stock Short-term capital losses from sales of stock Loss from a passive rental real estate activity Interest expense on loan to purchase stock Qualified residence interest on residence Compute her taxable income for 2019. 10,000 22,000 (17,000) (15,000) (17,000) (10,000) (7,500) (6,000) (2,400) (2,200) Adjusted gross income (AGI) Minus: Deductions from AGI Charitable contributions Property taxes on residence Tax return preparation fees Unreimbursed employee business expenses Taxable income