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Business, 02.01.2020 23:31 kathleendthomas

Nathaniel has agi (before any rental loss) of $65,000. he also owns several rental properties in which he actively participates. the rental properties produced a $30,000 loss in the current year. nathaniel also has $5,000 of income from a limited partnership interest. how much, if any, of the rental loss can he deduct in the current year?

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