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Roger runs an illegal gambling ring out of the back of his legitimate business establishment. During the current year, Roger earned $320,000 in income from

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Roger runs an illegal gambling ring out of the back of his legitimate business establishment. During the current year, Roger earned $320,000 in income from his illegal business. What is the impact on Roger's taxable income from this activity? The income is taxable and should be reported on the current year tax return The income is only taxable upon discovery of the activity by the authorities. The income is not taxable because it is from an illegal source

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