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In the current year Dale reports income and losses from the following activities: Requirement a. What is the amount of loss that Dale may deduct
In the current year Dale reports income and losses from the following activities: Requirement a. What is the amount of loss that Dale may deduct and what is the amount that must be carried over in the current year? (Enter a "0" for amounts with a zero balance.) Loss deductible in current year Amount carried over to next year Requirement b. Based solely on the amounts above, compute Dale's AGI for the current year. Data Dale's AGI for the current year is
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