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OUESTION SIX ( SEVEN POINTS ) Pablo, who is single, has $ 9 5 , 0 0 0 of salary, $ 1 0 , 0
OUESTION SIX SEVEN POINTS
Pablo, who is single, has $ of salary, $ of income from a limited partnership, and a $ passive activity loss from a real estate rental activity in which he actively participates. His adjusted gross income this year is $ Of the $ loss, how much is deductible?
If Pablo's adjusted gross income is $ how much of his loss is deductibie?
Assume that Pablo passes away in and that his basis in the activity is $ and the FMV is $ would his executor be able to deduct any suspended losses on his final returs in if his MAGI had been $ in
How about if his MAGI had been $ in If so what would be the amount of his deduction?
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