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Business, 21.06.2020 02:57 kaylamount

Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $14,400 from renting the home. His other sources of income during the year were a salary of $118,000 and $25,300 of long-term capital gains. How much of Anwar’s $14,400 rental loss can he deduct currently if he has no sources of passive income?

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Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he...
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