Question: #3 Question 8 Ned has active modified adjusted gross income before passive losses of $170,000. He has a loss of $15,000 on rental property he

#3 Question 8

Ned has active modified adjusted gross income before passive losses of $170,000. He has a loss of $15,000 on rental property he actively manages. How much of the loss is he allowed to take against his other income?

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