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Business, 09.12.2021 16:00 Clover1072

An employed, married taxpayer owns three rental properties in which the taxpayer does not actively participate. In the current year, Property 1 had a net loss of $10,000, Property 2 had a net gain of $25,000, and Property 3 had a net loss of $5,000. The taxpayer's W-2 wages were $110,000. Considering only these facts, what is the taxpayer's adjusted gross income?

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