Greg has investments in two passive activities. Activity #1 (acquired five years ago) produces income...
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Accounting
Greg has investments in two passive activities. Activity #1 (acquired five years ago) produces income of $80,000 in 2019, while Activity #2 (acquired three years ago) produces a loss of $100,000 in 2019. If Greg has no other income, was is Greg's 2019 AGI? a. $0. b. $(20,000) C. $20,000 O d. $80,000
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