Carey,a single taxpayer,purchased a rental house in 2013,which he actively manages.During 2013,Carey had a loss of $14,000 from the rental house.If Carey's adjusted gross income for 2013 is $140,000 before the rental loss,what is the amount of Carey's allowable deduction for the rental activity for 2013?
A) $1,400
B) $5,000
C) $10,000
D) $14,000
E) None of the above
Correct Answer:
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