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Taxpayer has income from K-1s as follows: (10,000) active K-1 15,000 active K-1 40,000 passive K-1 (25,000) passive K-1 (20,000) passive loss carryforward from prior

Taxpayer has income from K-1s as follows:

(10,000) active K-1

15,000 active K-1

40,000 passive K-1

(25,000) passive K-1

(20,000) passive loss carryforward from prior year

What net income is reported by taxpayer from this activity?

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