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Please show all calculations. 16. Adrianka reports the following income and loss in the current year. Salary Income from activity A Loss from activity B
Please show all calculations.
16. Adrianka reports the following income and loss in the current year. Salary Income from activity A Loss from activity B Loss from activity C $ 75,000 16,000 (6,000) (12,000) All three activities are passive activities with respect to Adrianka Adrianka also has $15,000 of suspended losses attributable to activity B carried over from prior years. During the year, Adrianka sells activity B and realizes a $12,000 taxable gain What is Adrianka's AGI as a result of these transactions? A) $70,000 B) $73,000 C) $75,000 D) $91,000Step by Step Solution
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