Question: Question Content AreaNed has active modified adjusted gross income before passive losses of $ 1 6 0 , 0 0 0 . He has a

Question Content AreaNed has active modified adjusted gross income before passive losses of $160,000. He has a loss of $15,000 on rental property he actively manages. How much of the loss is he allowed to deduct against his other income?
a. None
b. $10,000
c. $5,000
d. $15,000

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