Billy Ray owns several parcels of rental real estate, and he actively participates in managing the properties. His total loss from these activities in 2012 is $30,000 and his AGI for 2012 is $110,000. How much of the disallowed loss from rental real estate activities may be carried over to future years?
A) 0%
B) 10%
C) 50%
D) 100%
Correct Answer:
Verified
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