Judy,a single individual,reports the following items of income and loss:
$\begin{array}{lccc}
\text { salary } & \$ 120,000\
\text { Loss Fromrental property } & ( 40,000 )
\end{array}$
Judy owns 100% 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:
 $\begin{array}{lccc}
  \text { salary } & \$ 120,000\
 \text { Loss Fromrental property } & ( 40,000 )
\end{array}$
 Judy owns 100% 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:
 $\begin{array}{lccc}
  \text { salary } & \$ 120,000\
 \text { Loss Fromrental property } & ( 40,000 )
\end{array}$
 Judy owns 100% 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 and Loss salary $120,000 Loss Fromrental property (40,000)\begin{array}{lccc} \text { salary } & \$ 120,000\\ \text { Loss Fromrental property } & ( 40,000 )\end{array} salary Loss Fromrental property ​$120,000(40,000)​

Judy,a Single Individual,reports the Following Items of Income and Loss $\begin{array}{lccc} \text { salary } & \$ 120,000\\ \text { Loss Fromrental property } & ( 40,000 )\end{array}$