Business, 10.05.2021 16:30 valeriewatson10
Jiu has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rent income of $25,000 and other passive activity income of $32,000. Her AGI before considering these items of income and loss is $95,000. Determine the following amounts for Jiu (ignoring the at-risk rules):
a. Amount of loss deductible against other income
b. Suspended rental loss
Answers: 1
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Jiu has $105,000 of losses from a real estate rental activity in which she actively participates. Sh...
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