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OTHER INFORMATION nSarah's at - risk basis in Bergamont Consulting, of which she is the sole proprietor, at the beginning of the year is 5
OTHER INFORMATION nSarah's atrisk basis in Bergamont Consulting, of which she is the sole proprietor, at the beginning of the year is There are no suspended losses. She was a material participant in the business and it was considered a forprofit activity. nDuring the year the Connors sell of their interest in the partnership YRM Ltd a passive activity. At the time of the sale they had of suspended passive activity losses associated with the investment and an adjusted basis of nJohn made a contribution to his k plan, and Sarah made the maximum allowable contribution to her Roth IRA nThe taxpayers itemize their deductions. nRequired: What is the Conner's AGI for Sarah's atrisk basis in Bergamont Consulting, of which she is the sole proprietor, at the beginning of the year is $ There are no suspended losses. She was a material participant in the business and it was considered a forprofit activity. During the year the Connors sell
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