Question

Ella has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rent income of $25,000 and other passive income of $32,000. How much rental loss can Ella deduct against active and portfolio income (ignoring the at-risk rules)? Does she have any suspended losses to carry over? Explain.


$1.99
Sales2
Views135
Comments0
  • CreatedMay 25, 2015
  • Files Included
Post your question
5000