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QUESTION
This year Robert had the following income and losses from four passive activities:
This year Robert had the following income and losses from four passive activities:
Activity 1$(20,000)
Activity 2 (10,000)
Activity 3 (5,000)
Activity 4 33,000
- If Activity 1 were sold at an $18,000 gain, what would be the total income or loss from the four activities?
