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Don owns a condo in South Carolina. In 2 0 2 3 Don rented the condo for 7 0 days & he received $ 1
Don owns a condo in South Carolina. In Don rented the condo for days & he received $ of Rental Income. Don did not use the condo at all for personal purposes during the year. He incurs the following expenses in connection with the condo: Mortgage Interest: $ Property Taxes; $ Insurance: $ Repairs & Maintenance: $ Utilities: $ Depreciation: $ Total: $ Don is an active participant in the property. His AGI from all sources other than the rental property is $ Don does not have passive income from any other sources. What is Dons AGI after considering the rental activity?
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