Judy, a single individual, reports the following items of income and loss:
$\begin{array}{llcc}
\text { Salary } & \$120,000\
\text { Loss from rental property} &(40,000)\
\end{array}$
Judy owns 100 percent of the rental property and actively participates in the rental of the property.Calculate Judy's AGI.

Question

Judy, a single individual, reports the following items of income and loss:
 $\begin{array}{llcc}
  \text { Salary } &  \$120,000\
 \text {  Loss from rental property} &(40,000)\
\end{array}$
 Judy owns 100 percent of the rental property and actively participates in the rental of the property.Calculate Judy's AGI.

Quizplus · Accepted Answer

The Answer of Judy, a single individual, reports the following items of income and loss:
 $\begin{array}{llcc}
  \text { Salary } &  \$120,000\
 \text {  Loss from rental property} &(40,000)\
\end{array}$
 Judy owns 100 percent of the rental property and actively participates in the rental of the property.Calculate Judy's AGI.

Judy, a Single Individual, Reports the Following Items of Income Salary $120,000 Loss from rental property(40,000)\begin{array}{llcc} \text { Salary } & \$120,000\\ \text { Loss from rental property} &(40,000)\\\end{array} Salary Loss from rental property​$120,000(40,000)​

Judy, a Single Individual, Reports the Following Items of Income $\begin{array}{llcc} \text { Salary } & \$120,000\\ \text { Loss from rental property} &(40,000)\\\end{array}$