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Ron Jones has a $20,000 loss from a business that he does not materially participate in. He also has interest income of $30,000. In addition,
Ron Jones has a $20,000 loss from a business that he does not materially participate in. He also has interest income of $30,000. In addition, he has income of $8,000 from a rental activity that he is actively involved in and income of $9,000 from a limited partnership. Based on all of these sources, what is the increase in his taxable income for the year?
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