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undefined 3 Listen During the year, Gretchen realized $19.000 of taxable income from activity A. $6,000 loss from activity B, and $10,000 of taxable income
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3 Listen During the year, Gretchen realized $19.000 of taxable income from activity A. $6,000 loss from activity B, and $10,000 of taxable income from activity C. All three activities are passive activities with regard to Gretchen. In addition, $38.000 of passive losses from activity C are carried over from prior years. During the current year, Gretchen sells activity C for an $10,000 taxable gain. Gretchen's salary for the year is $100,000. What is the amount of Gretchen's deduction against salary income? (Show all calculations in good form.) I Previous Page Next Page Page 57 of 6Step by Step Solution
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