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Passive Losses. In 2018, Julie, a single individual, reported the following items of income and deduction: :8-47 $166,000 14,000 22,000 (17,000) (20,000) (21,000) (12,000) 8,000)
Passive Losses. In 2018, Julie, a single individual, reported the following items of income and deduction: :8-47 $166,000 14,000 22,000 (17,000) (20,000) (21,000) (12,000) 8,000) (5,000) (2,500) (2,000) Salary Interest income 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 Charitable contributions Property taxes on residence Tax return preparation fees Unreimbursed employee business expenses Julie owns 100% and is an active participant in the rental real estate activity. What is her taxable income for 2018? Passive Losses. In 2018, Julie, a single individual, reported the following items of income and deduction: :8-47 $166,000 14,000 22,000 (17,000) (20,000) (21,000) (12,000) 8,000) (5,000) (2,500) (2,000) Salary Interest income 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 Charitable contributions Property taxes on residence Tax return preparation fees Unreimbursed employee business expenses Julie owns 100% and is an active participant in the rental real estate activity. What is her taxable income for 2018
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