Pam owns a small rental office building that she actively manages and she spends about 300 hours
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Pam owns a small rental office building that she actively manages and she spends about 300 hours per year working on building matters. The rental loss from operating the building is $9,000. Pam adjusted gross income is $138,000 (from employment income of $133,000 and dividend income of $5,000) . (CH11) What is the amount of Pam's deductible rental loss?
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Answer Amount of Pams deductible rental loss 5000 Explaination AS per law passive activity loss ... View the full answer
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