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Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following
Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following income and losses: Partnership a: $40,000 Partnership b: $(32,000) Partnership c $(24,000) What is Alice's adjusted gross income for the current year? a) $119,000 b) $159,000 c) $175,000 d) $215,000
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