Question: HI I need help answering this question. Can you please walk me through? During 2017, Pamela worked two jobs She performed financial consulting activites for
HI I need help answering this question. Can you please walk me through?
During 2017, Pamela worked two "jobs" She performed financial consulting activites for 1,000 hours and real estate development and rental activites for 1,200 hours. Her real estate developement and rental activites produced a loss of $35,000. Her financial consulting generated a net business income of 40,000 how much of the loss can Pamela deduct against her financial consulting income?
a.) 0
b.)17,500
c.) 25,000
d.) 35,000
e.)40,000
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