16. Susan is a US individual who qualifies as a real estate professional. She purchases a commercial rental real estate property in 2016 and leases it out. The taxable net loss from the property was ($8,000) in 2016. Susans only other source of income or loss was $20,000 of wages. She sells the real estate in 2017 at a $50,000 gain. How much taxable income and loss should Susan report in each of the following tax years:

2016 ____________________ 2017 ____________________