14. Married couple Lance and Gin had passive activity losses to report and are concerned...

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Accounting

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14. Married couple Lance and Gin had passive activity losses to report and are concerned about whether they will be able to deduct the full amount. At what modified AGI do passive activity losses become totally nondeductible for Married Filing Jointly taxpayers? a) $ 25,000 b) $100,000 c) $ 75,000 d) $150,000

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