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Business, 06.07.2021 23:00 issaaamiaaa15

Cobb, an unmarried individual, had an adjusted gross income of $200,000 in 2021 before any IRA deduction, taxable Social Security benefits, or passive activity losses. Cobb incurred a loss of $30,000 in 2021 from rental real estate in which he actively participated. What amount of loss attributable to this rental real estate can be used in 2021 as an offset against income from nonpassive sources

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