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Business, 11.12.2019 22:31 kwilly60

Bill took out a $100,000 non-recourse loan and bought an apartment building. the building is not security for the loan. bill spent $25,000 of his own money on repairs before he rented the apartment building to the public. bill is single, works full-time, and earns $80,000 per year. bill’s loss from the rental real estate activity, in which he actively participates, is $30,000. he has no passive income. for what amount is bill at-risk, and how much of bill’s passive loss from his rental activity is deductible?

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