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Problem 2 Judy, a single individual, reports the following items of income and loss: Salary $120,000 Loss from rental property (40,000) Judy owns 100%

Problem 2 Judy, a single individual, reports the following items of income and loss: Salary $120,000 Loss from rental property (40,000) Judy owns 100% of the rental property and actively participates in the rental of the property. Calculate Judy's AGI (15).

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