59. LO.8 Ella has $105,000 of losses from a real estate rental activity in which she actively...

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59. LO.8 Ella has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rental income of $25,000 and other passive income of

$32,000. How much rental loss can Ella deduct against active and portfolio income

(ignoring the at-risk rules)? Does she have any suspended losses to carry over? Explain.

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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Question Posted: Sep 06, 2024 10:02 AM

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59. LO.8 Ella has $105,000 of losses from a real estate rental activity in which she actively...

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

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