In the current year Brad reports income and losses from the following activities:

View the data.

Activities $x,Y,$ and $Z$ are all passive with respect to Brad. Activity $Z$ has $$35,000$ in passive losses which are carried over from the prior year. In the current year Brad sells activity $Z$ for a taxable gain of $$20,000.$

Read the requirements.

Requirement a$.$ What is the amount of loss that Brad may deduct and what is the amount that must be carried over in the current year? $($Enter a $"0"$ for amounts with a zero balance.$)$

Loss deductible in current year

Amount carried over to next year

Requirement b$.$ Based solely on the amounts above, compute Brad's AGI for the current year.

Brad's AGI for the current year $=$ Data

$\backslash$table$[[$Activity $x,$$$,30,000],[$Activity $Y,,(8,000)$