Ms.Cowler owns stock in Serzo Inc.,an S corporation,and an interest in OTW Partnership.This year,Ms.Cowler had the following income and loss items.
If Ms.Cowler's interests in Serzo and OTW are passive activities,compute her AGI.
A) $68,000
B) $65,600
C) $85,000
D) $66,800
Correct Answer:
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