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Other Fields Homework Help Accounting Topic started by: Augustus1 on Jan 8, 2017



Title: Jeannie, a single taxpayer, retired during the year, to take over the management of some rental ...
Post by: Augustus1 on Jan 8, 2017
Jeannie, a single taxpayer, retired during the year, to take over the management of some rental property. She had the following items of income and expense:

Salary prior to retirement date   $34,000
Dividends from domestic corporation   4,000
City of Los Angeles bonds   5,000
Pension (60% exclusion ratio)   12,000
Share of partnership income   14,000
Partnership distribution   10,000
Rent income   7,000
Rent expenses   9,000

What is Jeannie's adjusted gross income for the year?


Title: Re: Jeannie, a single taxpayer, retired during the year, to take over the management of some rental ...
Post by: MsLippy on Jan 8, 2017
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Title: Re: Jeannie, a single taxpayer, retired during the year, to take over the management of some rental ...
Post by: Augustus1 on Mar 19, 2017
You're a saint, honestly

Thank you