Question: LO . 8 Review Examples 5 0 and 5 2 in the text. In both examples, the taxpayer s AGI is $ 1 2 9

LO.8 Review Examples 50 and 52 in the text. In both examples, the taxpayers AGI is $129,400 even though in Example 52 there is $700 of nonrecaptured 1231 loss from 2023. Explain why the two AGI amounts are the same.

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