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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 $14,100 from
Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $14,100 from renting the home. His other sources of income during the year were a salary of $123,000 and $20,000 of long-term capital gains.
How much of Anwars $14,100 rental loss can he deduct currently if he has no sources of passive income?
Deductible Rental Loss:
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