>> Accounting Basics
Question - Don owns an coffee shop but is not involved in running it. It lost $10,000 in 2015. Don also owns a real estate limited partnership investment which lost another $15,000 in 2015. Don also has owns some rental property which had a profit of $5,000 during 2015 (he has a property management firm take care of absolutely everything). His AGI, excluding these activities, is $130,000. What net profit or loss amount from these activities does he include in his AGI on his tax return?