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Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $17,800 from
Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $17,800 from renting the home. His other sources of income during the year were a salary of $101,250 and $23,200 of long-term capital gains.
How much of Anwars $17,800 rental loss can he deduct currently if he has no sources of passive income?
Deductible rental loss:
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