Katrina is the sole owner of rental real estate that produces a net loss of $18,000 in
Question:
a. What is Katrina’s adjusted gross income for 2010, 2011, and 2012 if she qualifies as a real estate professional?
b. What is Katrina’s adjusted gross income for 2010, 2011, and 2012 if she actively participates in the rental activity?
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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