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Akiko, a single taxpayer, incurred higher than expected expenses in her active business in 2 0 2 4 . In addition, the economy moved into
Akiko, a single taxpayer, incurred higher than expected expenses in her active business in In addition, the economy moved into a mild recession, so her revenues were lower than in last year. Her deductible expenses totaled $ and her taxable revenues totaled only $ She materially participates in this business, but she also receives $ in interest on a portfolio of longterm bonds. Akiko predicts that her business will break even next year and that her interest income will not change. What will be Akiko's adjusted gross income in and
In Akiko's AGI is $ X and in Akiko's AGI is $ mathbfX
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