LO.3, 8 Several years ago Rachel acquired an apartment building that currently generates a loss of $35,000.
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LO.3, 8 Several years ago Rachel acquired an apartment building that currently generates a loss of $35,000. She has AGI of $120,000 before considering the loss. If Rachel is not an active participant in the activity, what is the effect of the loss on her AGI?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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