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Ms. TN owns a one-half interest in an apartment complex, which is her only passive activity. The complex operated at a $53,000 loss this year.
Ms. TN owns a one-half interest in an apartment complex, which is her only passive activity. The complex operated at a $53,000 loss this year. In addition to her share of this loss, Ms. TN had the following income items: Salary $ 59,000 Interest and dividends 4,400
A. Compute her AGI.
B. Compute her AGI if her salary was $168,250 rather than $59,000?
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