Janice Hoplin, MD, owned her own medical clinic. She also owned the office building in which the
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Janice Hoplin, MD, owned her own medical clinic. She also owned the office building in which the clinic was located. The medical activity generated $125,000 of net income.
She managed the building, which had 15 other medical professionals (tenants), from her medical office. The office rental activity provided her with a $12,000 net loss for the year. What is Janice’s adjusted gross income?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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