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Jeff owned one passive activity.Jeff sold the activity and realized a $2,000 gain on the sale.Prior to the sale,he realized a current year loss from the activity of $6,000.In addition,he has suspended losses from prior years of $7,000.What is the net impact on Jeff's AGI this year due to the passive activity?
Bundle Pricing
A pricing approach where several items or services are bundled and offered for sale at one price.
Video Game Console
A video game console is a specialized electronic device designed exclusively for playing video games by connecting to a television or other display for visual output.
Premium Item
A premium item is a product or service offered at a higher quality and price point, often perceived as being of higher value than standard offerings.
Price-insensitive Product
Products for which demand remains relatively constant regardless of changes in price, often due to unique attributes or lack of substitutes.
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