Question: For each question you are asked to do two things: 1. Identify the tax issue(s) posed by the facts presented. 2. Determine the possible tax

For each question you are asked to do two things: 1. Identify the tax issue(s) posed by the facts presented. 2. Determine the possible tax consequences of each issue that you identify. 72. Anton is

For each question you are asked to do two things:

1. Identify the tax issue(s) posed by the facts presented.

2. Determine the possible tax consequences of each issue that you identify.

72. Anton is single and a self-employed plumber. His net income from his business is $56,000. He has dividend income of $6,000 and an $8,000 loss from a rental property in which he actively participates. 74. Margery owns a passive activity with a basis of $15,000. The activity has a $9,000 suspended loss. Margery sells the passive activity for $22,000. 72. Anton is single and a self-employed plumber. His net income from his business is $56,000. He has dividend income of $6,000 and an $8,000 loss from a rental property in which he actively participates. 74. Margery owns a passive activity with a basis of $15,000. The activity has a $9,000 suspended loss. Margery sells the passive activity for $22,000

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