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Amanda is the owner of an apartment complex. She actively participates in the management of the building. During the current year, it generates a taxable
Amanda is the owner of an apartment complex. She actively participates in the management of the building. During the current year, it generates a taxable loss of $42,000. Amanda's other sources of income are salary of $104,000 and interest of $16,000. What is Amanda's allowable loss from the apartment?
A. 15,000
B. 10,000
C. 42,000
D. 25,000
E. None of the above...
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