Question: Mason owns a passive activity A that generates a loss of $14,000 in 2014, $12,000 in 2015, and income of $4,000 in 2016. In 2015,

Mason owns a passive activity A that generates a loss of $14,000 in 2014, $12,000 in 2015, and income of $4,000 in 2016. In 2015, Mason purchases a second passive activity B that has passive income of $6,000 in 2015 and $10,000 in 2016. At the end of 2016. Mason sells the passive Activity A for $16,000 The basis of A it $4000. Assume he has no other capital gains and losses In 2016. By how much does h/s AGI increase

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