John who has $62,000 of AGI before considering rental activities, has $70,000 of losses from a real
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John who has $62,000 of AGI before considering rental activities, has $70,000 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $33,000 of income. He has other passive income of $20,000. What amount of rental loss can be used to offset active or portfolio income?
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ISBN: 978-0134004006
9th edition
Authors: Henry R. Cheeseman
Posted Date: