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Business, 24.10.2019 18:43 sebcbal

Maria, an engineer, has an adjusted gross income of $167,000 before considering the following losses. the passive activity rules disallow the deduction for the loss in which of the following?
i. maria has a $21,000 loss from her ownership of family apartment village, a low-income housing project.
ii. maria owns and actively participates in managing a rental house across the street from east state college. this activity generates a $7,000 loss in the current year.

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Maria, an engineer, has an adjusted gross income of $167,000 before considering the following losses...
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