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Business, 30.07.2021 02:10 nhu78

Ray acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Ray has AGI of $140,000 before considering the loss from the activity. If the activity is a bakery and Ray is not a material participant, what is his AGI?

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Ray acquired an activity several years ago, and in the current year, it generates a loss of $50,000....
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