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    Fundamentals of Taxation
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    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
  5. Question
    Denise's AGI Is $145,000 Before Considering Her Single Rental Property
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Denise's AGI Is $145,000 Before Considering Her Single Rental Property

Question 17

Question 17

Multiple Choice

Denise's AGI is $145,000 before considering her single rental property.During the year,Denise had a rental loss of $13,000.What is Denise's AGI after considering the rental loss?


A) $122,500.
B) $132,000.
C) $142,500.
D) $145,000.

Correct Answer:

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