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Joyce, an architect, earns $ 1 0 0 , 0 0 0 from her practice in the current year. In addition, she receives $ 3

Joyce, an architect, earns $100,000 from her practice in the current year. In addition, she receives $35,000 in dividends, capital gains, and annuity income during the year. Further, she incurs a loss of $35,000 from an investment in a passive activity. Joyce's AGI for the year after considering the passive investment is $100,000.
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