Christian,a single taxpayer,acquired a rental house in 2004.The rental house,which Christian actively manages,generated a $15,000 loss in 2017.In addition,Christian owns a limited partnership interest which he acquired in 2009.His share of the partnership loss for 2017 is $10,000.Christian has modified adjusted gross income,before the rental loss and partnership loss,of $134,000.

What is the amount of these losses that Christian may deduct in 2017?

Question

Christian,a single taxpayer,acquired a rental house in 2004.The rental house,which Christian actively manages,generated a $15,000 loss in 2017.In addition,Christian owns a limited partnership interest which he acquired in 2009.His share of the partnership loss for 2017 is $10,000.Christian has modified adjusted gross income,before the rental loss and partnership loss,of $134,000.
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What is the amount of these losses that Christian may deduct in 2017?

Quizplus · Accepted Answer

The Answer of Christian,a single taxpayer,acquired a rental house in 2004.The rental house,which Christian actively manages,generated a $15,000 loss in 2017.In addition,Christian owns a limited partnership interest which he acquired in 2009.His share of the partnership loss for 2017 is $10,000.Christian has modified adjusted gross income,before the rental loss and partnership loss,of $134,000.
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What is the amount of these losses that Christian may deduct in 2017?

Christian,a Single Taxpayer,acquired a Rental House in 2004