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Charles owns stock in Sentry, an S Corporation, and an interest in OTW Partnership. Both are passive activities for Charles. He has the following income
Charles owns stock in Sentry, an S Corporation, and an interest in OTW Partnership. Both are passive activities for Charles. He has the following income and loss for the year: Salary, $66,800, Interest and dividends, $1,200 Business Loss from Sentry $(19,400), Business Income from OTW $17,000. Compute Charles' AGI. O $66,800 O $65,600 $85,000 $68,000
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