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Greg has investments in two passive activities. Activity #1 (a limited partnership interest) produces income of $80,000 in the current year, while Activity #2 (an

Greg has investments in two passive activities. Activity #1 (a limited partnership interest) produces income of $80,000 in the current year, while Activity #2 (an activity in which he does not meet any of the material participation tests) produces a loss of $100,000 in the current year. What is the net effect on Greg's current year AGI

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