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Lindsey Owns and Actively Manages an Apartment Complex

Question 83

Multiple Choice

Lindsey owns and actively manages an apartment complex.This year,the complex generated a $40,300 net loss.If Lindsey's AGI before considering this loss is $118,200 and she owns no other passive activities,how much of the loss is deductible this year?


A) $0
B) $9,100
C) $25,000
D) None of the above

Correct Answer:

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