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Calculate stans adjusted gross income for this year

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Stan, a computer lab manager, earns a salary of $70,000 and receives $10,000 in dividends and interest during the year. In addition, he incurs a loss of $30,000 from an investment in a passive activity. His at-risk amount in the activity at the beginning of the year is $55,000. Calculate Stan's adjusted gross income for this year, his at risk amount as of the end of the year, and any suspended losses to be carried over to next year.

Reference no: EM131788607

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