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What net profit or loss amount
Course:- Accounting Basics
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Question - Don owns an coffee shop but is not involved in running it. It lost $10,000 in 2015. Don also owns a real estate limited partnership investment which lost another $15,000 in 2015. Don also has owns some rental property which had a profit of $5,000 during 2015 (he has a property management firm take care of absolutely everything). His AGI, excluding these activities, is $130,000. What net profit or loss amount from these activities does he include in his AGI on his tax return?




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