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Gain/Loss
The financial result from the sale of assets or investments, measured as the difference between the selling price and the purchase price.
Purchased
Acquired by paying money or its equivalent; involves obtaining ownership of a good or service in exchange for monetary value.
MAGI
MAGI stands for Modified Adjusted Gross Income, a measure used in the U.S. tax code to determine eligibility for certain tax benefits by modifying the adjusted gross income with specific additions or deductions.
Net Investment Income
The income received from investment assets (like stocks, bonds, mutual funds) after deducting related expenses.
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