Question
In 2022, Taxpayer T invested $100,000 cash in a business (B) in which T was a limited partner and did not materially participate. In 2022
In 2022, Taxpayer T invested $100,000 cash in a business ("B") in which T was a limited partner and did not materially participate. In 2022 B allocated $150,000 of losses to T. In 2022. T also had $100,000 of capital gains and $120,000 of passive income. What is T's AGI in 20227
a. $120,000
b. $0
c. $100,000
d. $220,000
e. $70,000
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The Wall Street Mba Your Personal Crash Course In Corporate Finance
Authors: Reuben Advani
3rd Edition
1260135594, 9781260135596
