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Ken Dawson has the following passive activity items: Prior-year passive loss carryforward amounts: ($3,000) from ABC PTP ($9,000) from XYZ PTP Current-year passive income and
Ken Dawson has the following passive activity items: Prior-year passive loss carryforward amounts: ($3,000) from ABC PTP ($9,000) from XYZ PTP Current-year passive income and loss amounts: $5,000 ABC PTP $2,000 DEF PTP $4,000 XYZ PTP Note: PTP denotes Publicly Traded Partnership, all other activity is private interest. What is the net income reported this year for the PTP activity
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