Question: Noah Yobs, age 5 5 , who has $ 8 7 , 4 0 0 of AGI ( solely from wages ) before considering rental

Noah Yobs, age

55,

who has $

87, 400

of AGI

(

solely from wages

)

before considering rental activities, has $

78, 660

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 $

43, 700

of income. He has other passive activity income of $

27, 968 .

Question Content Area

.

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

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