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    Exam 11: Sole Proprietorships and Flow-Through Entities
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    Klinger's AGI Is $130,000 Before the Loss of $29,000 from a Rental
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Klinger's AGI Is $130,000 Before the Loss of $29,000 from a Rental

Question 82

Question 82

Essay

Klinger's AGI is $130,000 before the loss of $29,000 from a rental complex he owns and in which he actively participates. What is his AGI after this loss?

Correct Answer:

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($130,000 - $100,000) x .5 = $...

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