Seojun acquired an activity several years ago, and in the current year, it generates a loss of
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Seojun acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Seojun has AGI of $140,000 before considering the loss from die activity. If the activity is a bakery and Seojun is not a material participant, what is his AGI?
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Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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