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  3. 3. obi-wan has the following income and losses for

3. Obi-Wan has the following income and losses for 2021: Wages $60,000 Partnership 1 Income...

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Accounting

3. Obi-Wan has the following income and losses for 2021:

Wages $60,000

Partnership 1 Income $38,000 Material participant

Partnership 2 Loss ($18,000) Not a material participant, no at-risk or basis limitations

S Corp 1 Loss ($42,000) Material participant, no at-risk or basis limitations

S Corp 2 Income 13,000 Not a material participant

Calculate his AGI for 2021.

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