Business, 07.04.2020 22:31 firefightergros3547

Ivan and Olga own a duplex. They collect the rents and make repairs to the property when necessary. That is, they are active participants in the rental property. During the current year, the duplex has gross rents of $16,000 and total allowable deductions of $31,000.What is the effect of the duplex rental on their taxable income if their AGI is

a) $87000? b)$122000? c) $155000? d)$139000?

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Ivan and Olga own a duplex. They collect the rents and make repairs to the property when necessary....

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