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Michele, a single taxpayer, earned a salary of $125,000 for tax year 2023. She also gives you the following information related to her 2023 income:

Michele, a single taxpayer, earned a salary of $125,000 for tax year 2023. She also gives you the following information related to her 2023 income: Interest from her bank $5,000 Dividends of $10,000 from a U.S. Corporation Passive activity A: loss of $20,000 for tax year 2023 (and a suspended loss of $30,000 coming into tax year 2023) Passive activity B: gain of $30,000 for tax year 2023 (and a suspended loss of $20,000 coming into

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