The TJ Partnership has two equal partners, Troy and John. In the current year, the partnership earns $300,000 of ordinary income (all business) and recognizes a $15,400 long-term capital gain. Troy is married, files a joint return, and claims a standard deduction. Other than partnership items, Troy has only a $6,400 short-term capital loss at the individual level.

.What is Troy's taxable income?

Does the STCL need to be reconized?