In 2013,Lindsay's At-Risk Amount Was $50,000 at the Beginning of the Year.Lindsay's

Essay

In 2013,Lindsay's at-risk amount was $50,000 at the beginning of the year.Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):
$\begin{array}{lll}\text { Year }&\text { Gain (Loss) }\\2013 & \$ (60,000) \\2014 & \$ (40,000) \\2015 & \$ (20,000) \\2016 & \$ 40,000 \\2017 & \$ 40,000\end{array}$ In 2017,what amount of income or loss will Lindsay report from this activity?