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A taxpayer has interest revenue on corporate bonds of $7,000, dividend revenue on corporate stocks...

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Accounting

A taxpayer has interest revenue on corporate bonds of $7,000, dividend revenue on corporate stocks of $9,000, net income from rental activities of $6,000, and a net loss from a limited partnership of $8,000. What does the taxpayer report for passive activities this year?

a. No deduction but a passive activity loss carryforward of $8,000.

b. A passive activity gain of $5,000.

c. A passive activity gain of $14,000.

d. No deduction but a passive activity loss carryforward of $2,000.

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