Arlene purchased interests in three limited partnerships during the previous 6 years.During 2011,Arlene had income of $22,000 from one of the partnerships and $5,000 from a second.She had a loss from the third partnership of $36,000,salary income of $55,000,and dividend income of $3,000.What is Arlene's net passive income or loss before any limitations?
A) $36,000 net loss
B) $3,000 net loss
C) $0 net loss
D) $9,000 net loss
E) None of the above
Correct Answer:
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