Nell sells a passive activity with an adjusted basis of $170,000 for $250,000. Suspended losses attributable to this property total $35,000. The total gain and the taxable gain are: 

None of the above. 

$80,000 total gain; $0 taxable gain. 

$45,000 total gain; $45,000 taxable gain. 

$80,000 total gain; $80,000 taxable gain. 

$80,000 total gain; $45,000 taxable gain.