Business, 02.03.2020 19:18 skboy1050

Nancy has active modified adjusted gross income before passive losses of $125,000. She has a loss of $15,000 on a rental property she actively manages. How much of the loss is she allowed to deduct against the $125,000 of other income?

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Nancy has active modified adjusted gross income before passive losses of $125,000. She has a loss of...

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