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13. Dexter Morgan incurred a $13,500 passive loss from his Sun Valley rental home. His only sources of income during the year were $120,000 of

13. Dexter Morgan incurred a $13,500 passive loss from his Sun Valley rental home. His only sources of income during the year were $120,000 of salary and $7,500 of long-term capital gains. Assuming Dexter is an activity participant in the rental activity, how much of the rental loss is he allowed to deduct this year?

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