Question: Problem 7 - 6 2 ( L O 7 - 4 ) ( A l g o ) Anwer owns a rental home and i

Problem 7-62(LO7-4)(Algo)
Anwer owns a rental home and is involved in maintaining it and approving renters. During the year, he has a net loss of $12,000 from
renting the home. His other sources of income during the year are a salary of $111,250 and $30,700of long-term capital gains.
How much of Anwer's $12,000 rental loss can he deduct currently ifhe has no sources of passive income?
Problem 7 - 6 2 ( L O 7 - 4 ) ( A l g o ) Anwer

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