Susan is the owner of a 35-unit apartment complex. She spends 950 hours a year managing the property. In addition, she works part-time for a mortgage company. She spends 1,150 hours a year as a bookkeeper at the mortgage company. The apartment complex generated a loss of $32,000, and Susan's adjusted gross income for the current year, before considering the apartment complex, is $48,000. 

How much of the loss can Susan deduct?

Answer rating: 100% (QA)

Susan can deduct 25000 of the loss from the apartment complex on her taxes According to the IRS ... View the full answer