Judy, a Single Individual, Reports the Following Items of Income $\begin{array}{llcc} \text { Salary } & \$120,000\\ \text { Loss from rental property} &(40,000)\\\end{array}$

Essay

Judy, a single individual, reports the following items of income and loss:
$\begin{array}{llcc} \text { Salary } & \$120,000\\ \text { Loss from rental property} &(40,000)\\\end{array}$
Judy owns 100 percent of the rental property and actively participates in the rental of the property.Calculate Judy's AGI.