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Question 59 (1 point) Listen Edward is married and files a joint return. He reports the following items of income and loss for the year:
Question 59 (1 point) Listen Edward is married and files a joint return. He reports the following items of income and loss for the year: Salary $ 120,000 Activity A (passive) 23,000 Activity B (nonbusiness rental real estate) ( 42,000) If Edward actively participates in the management of Activity B, what is his AGI for the year and what is the passive loss carryover to next year
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Finance For Small And Entrepreneurial Business
Authors: Richard Roberts
1st Edition
0415721008, 978-0415721004
