(TCO I) A review of Bradleys Year 2 records disclosed the following tax information. Wages...
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(TCO I) A review of Bradleys 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 Bradleys Year 2 adjusted gross income? (Points : 15)
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