stavy1074 stavy1074

17-04-2024
Business

Answered

Larry, a self-employed accountant, earns $100,000 from his accounting practice in the current year. He also receives $5,000 in dividends and interest during the year. In addition, he incurs a loss of $10,000 from an investment in a passive activity. What is Larry's AGI for the current year after considering the passive investment?

A. $140,000
B. $95,000
C. $105,000
D. $110,000

Answer :

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