Question: Darrell acquired an activity eight years ago. The loss from it in the current year was $65,000. The activity involves residential rental real estate in
Darrell acquired an activity eight years ago. The loss from it in the current year was $65,000. The activity involves residential rental real estate in which he is an active participant. Calculate Darrell's AGI after considering that Darrell's AGI was $100,000 before including any potential loss.
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