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Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $16,200 from
Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $16,200 from renting the home. His other sources of income during the year are a salary of $122,500 and $25,600 of long-term capital gains.
How much of Anwer's $16,200 rental loss can he deduct currently if he has no sources of passive income?
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