Question: Save QUESTION 12 5 points John owns a apartment building that produces a $20,000 loss during the year. His AGI before considering the rental loss

Save QUESTION 12 5 points John owns a apartment building that

Save QUESTION 12 5 points John owns a apartment building that produces a $20,000 loss during the year. His AGI before considering the rental loss is $75,000. John must be an active participant with respect to the rental activity in order to deduct the $20,000 loss under the real estate rental exception. True False Save QUESTION 12 5 points John owns a apartment building that produces a $20,000 loss during the year. His AGI before considering the rental loss is $75,000. John must be an active participant with respect to the rental activity in order to deduct the $20,000 loss under the real estate rental exception. True False

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