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What is nancy agi as a result of the transactions

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Nancy reports the following income and loss in the current year:

Salary: $60,000

Income from activity A: $18,000

Loss from activity B: ( 9,000)

Loss from activity C: (13,000)

Problem 1: All three activities are passive activities with respect to Nancy. Nancy also has $21,000 of suspended losses attributable to activity C carried over from prior years. During the year, Nancy sells activity C and realizes a $15,000 taxable gain. What is Nancy's AGI as a result of these transactions?

Reference no: EM132807261

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