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. During the current year, Amber, a married individual who files a joint return, reports the following items of income and loss: (Click on the
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During the current year, Amber, a married individual who files a joint return, reports the following items of income and loss: (Click on the icon to view the income and loss items.) Requirements a. What is Amber's AG for the year? b. What is the amount of suspended losses (if any) that may be carried over with respect to each activity? Requirement a. What is Amber's AGI for the year? Amber's AGI for the year is Data Table Salary 146,000 Activity X (passive) 20,000 Activity Y (rental real estate, nontrade or business) (18.000) Activity Z (rental real estate, nontrade or business) (22,000) Amber actively participates in activities Y and Z and owns 100% of both Y and Z Print DoneStep by Step Solution
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