Shaunda has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible loss is

Name: Shaunda has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible loss is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Shaunda can deduct up to $25,000 of rental real estate losses against her other income because she actively manages the property and her AGI is below the $100,000 phase-out threshold for this deduction.

Shaunda Has AGI of $90,000 and Owns Rental Property Generating