Bill has a 15000 passive loss a 12000 passive gain 20000 of
Question - Bill has a $15,000 passive loss, a $12,000 passive gain, $20,000 of active income, and a $14,000 active loss. What is Bill's current year net taxable income or loss?
a. $20,000 income
b. $6,000 income
c. $3,000 income
d. 0
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