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LO.8ReviewExamples 50and52in the text. In both examples, the taxpayer's AGI is $129,400 even though inExample 52there is $700 of nonrecaptured 1231 loss from 2019. Explain

LO.8ReviewExamples 50and52in the text. In both examples, the taxpayer's AGI is $129,400 even though inExample 52there is $700 of nonrecaptured 1231 loss from 2019. Explain why the two AGI amounts are the same.

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