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Business, 03.12.2020 16:20 bdog2213

Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,700 from the rental. If Ilene is an active participant in the rental and her AGI is $142,500, how much of the loss can she deduct against ordinary income in the year?

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Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,7...
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