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During the current year, Jane, a married taxpayer who files a joint return, reports the following items of income and loss: AGI consisting of salary

  1. During the current year, Jane, a married taxpayer who files a joint return, reports the following items of income and loss: AGI consisting of salary income of $130,000, and rental real-estate loss of $40,00. Jane actively participates in the management of the rental property. Determine Janes AGI for the current year. a.) What would be your answer if Jane's salary were $400,000?

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