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Amanda has AGI of $111,000 before considering losses from some rental real estate she owns (she actively participates). She had the following losses from her
Amanda has AGI of $111,000 before considering losses from some rental real estate she owns (she actively participates). She had the following losses from her rental property: Rental property 1 ($22,500) Rental property 2 (6,500) How much of the losses can Lucy deduct and how much of the losses are suspended?
Property 1_____
Property 2_____
If Amandas AGI before the losses was $69,000, how much of the losses can she deduct and how much of the losses are suspended?
Property 1______
Property 2______
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