The equal QRS partnership had ($90,000) of rental real estate losses in the current year. Partner Q
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The equal QRS partnership had ($90,000) of rental real estate losses in the current year. Partner Q is the manager of the rental real estate properties for the partnership. Q’s AGI for the year is $110,000, but Q has no other passive income. How much of the losses can Q deduct?
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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