Shawn owns an interest in two passive activities, and he has a tax basis of $5,000 in each activity before considering each activity’s current year income or loss. For 2019, Shawn’s share of income from Activity 1 is $7,000 while his share of loss from Activity 2 is $9,000. Assume he has no other passive activity income or loss for the year. What is the total amount of income or loss that Shawn must recognize from these two passive activities in 2019?

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