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Exercise 6-9 (Algorithmic) (LO. 9) Noah Yobs, who has $61,000 of AGI before considering rental activities, has $54,900 of losses from a real estate rental
Exercise 6-9 (Algorithmic) (LO. 9)
Noah Yobs, who has $61,000 of AGI before considering rental activities, has $54,900 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $30,500 of income. He has other passive activity income of $19,520.
What is Noah's adjusted gross income for the current year?
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