Chrissy has $85,000 of adjusted gross income before considering any passive activities. She has the following income and losses from passive activities: Rental real estate activity (actively participates) ($75,000) Rental real estate activity (actively participates) $40,000 Partnership passive income $20,000 What is Chrissy's adjusted gross income after considering the passive activities? Adjusted gross income $
Chrissy has $85,000 of adjusted gross income before considering any passive activities. She has the following income and losses from passive activities: Rental real estate activity (actively participates) ($75,000) Rental real estate activity (actively participates) $40,000 Partnership passive income $20,000 What is Chrissy's adjusted gross income after considering the passive activities? Adjusted gross income $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Chrissy has $85,000 of adjusted gross income before considering any passive activities. She has the following income and losses from passive activities:
Rental real estate activity (actively participates)
($75,000)
Rental real estate activity (actively participates)
$40,000
Partnership passive income
$20,000
What is Chrissy's adjusted gross income after considering the passive activities?
Adjusted gross income
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75e0e855-331f-4806-aa93-4d502237b14c%2Fbdb71456-53e3-45fe-adff-5640430953fd%2F9oh8s6_processed.png&w=3840&q=75)
Transcribed Image Text:Chrissy has $85,000 of adjusted gross income before considering any passive activities. She has the following income and losses from passive activities:
Rental real estate activity (actively participates)
($75,000)
Rental real estate activity (actively participates)
$40,000
Partnership passive income
$20,000
What is Chrissy's adjusted gross income after considering the passive activities?
Adjusted gross income
$
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