Question: During the current year, Joshua worked 1 , 4 9 0 hours as a tax consultant and 4 9 0 hours as a real estate

During the current year, Joshua worked 1,490 hours as a tax consultant and 490 hours as a real estate agent. His one other employee (his spouse) worked 376 hours in the real estate business. Joshua earned $69,600 as a tax consultant, and together the couple lost $29,000 in the real estate business.
Required:
How should Joshua treat the loss on his federal income tax return?
Multiple Choice

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