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Problem
Keith owns three partnership interests that are passive activities. He sells Partnership 3 and realizes a loss of $8,000. His income is:
Form W-2 wages $30,000Schedule C proprietorship 20,000Partnership 1 5,000Partnership 2 -2,000Partnership 2 loss carryforward -3,000Partnership 3 loss on sale -8,000
What is Keith's total income?
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If you organize and connect specific evidence, your writing will _____.
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