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Business, 24.11.2021 14:00 carolin7493

Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is an active participant in the rental and her AGI is $140,000, how much of the loss can she deduct against ordinary income in the year

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Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $15,0...
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