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Business, 07.12.2021 03:10 trob1902

Noah Yobs, age 55, who has $62,000 of AGI (solely from wages) before considering rental activities, has $70,000 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $33,000 of income. He has other passive activity income of $20,000. Required:
What is Noah's adjusted gross income for the current year?

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Noah Yobs, age 55, who has $62,000 of AGI (solely from wages) before considering rental activities,...
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