Question
Ron Jones has a $20000 loss from business that he does not materially participate in. He also has interest income of $30,000. In addition, he
Ron Jones has a $20000 loss from 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 form a limited partnership. Based on all of these sources, what is the increase in his taxable income for the year
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Income Tax Fundamentals 2019
Authors: Gerald E. Whittenburg, Steven Gill
37th Edition
1337703060, 1337673218, 9781337673211, 978-1337703062
