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Ashton Owns a Condominium near San Diego, California During the Year, Ashton Rented the Condo for 120 Days

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Ashton owns a condominium near San Diego, California. This year, he incurs the following expenses in connection with his condo:  Revenue trom auto repairs $143,930 Salaries paid to mechanics 72,210 Supplies and tools 18,500 Revenues from gas station partnership (Alexandra’s share) 125,000 Expenses from gas station partnership (Alexandra’s share) 95,200 Self-employment tax (1/2 is employer’s share) 12,702\begin{array}{| l| r| }\hline\text { Revenue trom auto repairs } & \$ 143,930 \\\hline \text { Salaries paid to mechanics } & 72,210 \\\hline \text { Supplies and tools } & 18,500 \\\hline \text { Revenues from gas station partnership (Alexandra's share) } & 125,000 \\\hline \text { Expenses from gas station partnership (Alexandra's share) } & 95,200 \\\hline \text { Self-employment tax (1/2 is employer's share) } & 12,702 \\\hline\end{array} During the year, Ashton rented the condo for 120 days and he received $24,000 of rental receipts. He did not use the condo at all for personal purposes during the year. Ashton is considered to be an active participant in the property. Ashton's AGI from all sources other than the rental property is $120,000. Ashton does not have passive income from any other sources. What is Ashton's AGI?

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$119,600
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