What is carls agi for the current year after considering th

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Problem

Carl, a physician, earns $200,000 from his medical practice in the current year. He receives $45,000 in dividends and interest during the year as well as $5,000 of income from a passive activity. In addition, he incurs a loss of $50,000 from an investment in a passive activity. Get the instant assignment help. What is Carl's AGI for the current year after considering the passive investment?

Reference no: EM133906186

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