Please use this information for the next THREE questions This question is worth 9 points, as allocated to parts a, b, and c below Don, Peggy, and Roger operate an advertising agency located on Madison Avenue in New York City as a partnership Don owns 60 of the business, Peggy owns 30 , and Roger owns 10 For the current year, the advertising agency reports the following from its operations Sales Revenues $972,000 Trade and business expenses (salaries, utilities, rent, etc ) $457,000 Charitable Contributions $30,000 Short Term Capital Losses $46,000 Long Term Capital Gains $15,000 By how much will Don's AGI increase due to his partnership activities Assume he has no other capital gains or losses Note QBI is deducted after AGI and before taxable income

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Question: Please use this information for the next THREE questions! This question is worth 9 points, as allocated to parts a, b, and c below. Don,

Please use this information for the next THREE questions!

This question is worth 9 points, as allocated to parts a, b, and c below.

Don, Peggy, and Roger operate an advertising agency located on Madison Avenue in New York City as a partnership. Don owns 60% of the business, Peggy owns 30%, and Roger owns 10%. For the current year, the advertising agency reports the following from its operations:

Sales Revenues	$972,000
Trade and business expenses (salaries, utilities, rent, etc.)	$457,000
Charitable Contributions	$30,000
Short Term Capital Losses	$46,000
Long Term Capital Gains	$15,000

By how much will Don's AGI increase due to his partnership activities? Assume he has no other capital gains or losses. Note: QBI is deducted after AGI and before taxable income

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