Arnold purchased two rental properties 6 years ago. He actively participates in their management. During 2018, Arnold had income of $22,000 from one of the rentals. He had a loss from the other rental of $32,000, as well as salary income of $35,000, and dividend income of $2,000. What is Arnold's net passive income or loss deduction?

Answer rating: 100% (QA)

Net loss when the expenses or the cost exceeds total reve... View the full answer