What is bradleys year two adjusted gross income

Reference no: EM131989331

Problem

A review of Bradley's Year 2 records disclosed the following tax information. Wages $30,000 Taxable interest and qualifying dividends 4,000 Schedule C trucking business net income 32,000 Rental (loss) from residential property (35,000) Limited partnership (loss) (5,000) Bradley actively participated in the rental property and was a limited partner in the partnership. Bradley had sufficient amounts at risk for the rental property and the partnership. What is Bradley's Year 2 adjusted gross income?

Reference no: EM131989331

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