Question
Alina is single, employed and dabbles in real estate. This year her AGI will be $116,000 and will have a $32,000 loss from her
Alina is single, employed and dabbles in real estate. This year her AGI will be $116,000 and will have a $32,000 loss from her rental property that she actively participated in managing. How much in dollars, if any, of the passive activity loss can Alina deduct this year? * 1 point 32000
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Step: 1
Alina can deduct up to 25000 of the passive activity loss against her other income this year T...
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
978-0357109144, 978-0357686652, 978-1305874824
