Question: A single taxpayer has $ 1 3 0 , 0 0 0 of AGI before considering a $ 4 0 , 0 0 0 loss

A single taxpayer has $130,000 of AGI before considering a $40,000 loss from rental real estate activities in which he actively participates. What amount of loss can the taxpayer deduct?
A single taxpayer has $ 1 3 0 , 0 0 0 of AGI

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