Ms.Plant owns and actively manages an apartment complex.This year,the complex generated a $32,790 net loss.If Ms.Plant's AGI before considering this loss is $196,100 and she owns no other passive activities,how much of the loss is deductible this year?
A) $0
B) $25,000
C) $32,790
D) None of the above
Correct Answer:
Verified
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