Question: Noah Yobs, age 5 5 , who has ( $ 5 8 , 6 0 0 ) of AGI ( solely from

Noah Yobs, age

55,

who has

\ (\

58, 600 \)

of AGI

(

solely from wages

)

before considering rental activities, has

\

52, 740

of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has

\

29, 300

of income. He has other passive activity income of

\ (\

18, 752 \) .

What amount of rental loss can Noah use to offset active or portfolio income in the current year?

$Noah Yobs, age 55, who has $\$ 58,600$ of AGI (solely$

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