ou are a tax advisor and your client, Joaquin Smith, has reached out to you requesting some advice. She is a single taxpayer and full-time Tennessee resident who reported the following income items on her Form 1040 Individual Income Tax Return filed two years ago. W-2 wages (engineering services) $75,000 Interest income from savings $5,500 Dividend income from corporate stocks $12,500 Loss from real estate rental activities $50,000