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can my rental income loss of $25,000 if i active particpate in it offset my capital gains and ordinary w2 wage ? i thought nothing

can my rental income loss of $25,000 if i active particpate in it offset my capital gains and ordinary w2 wage ? i thought nothing can offset capital gains but heard today my rental income loss of up to 25k as long as my AGI is below 100k can offset ordinary or capital gains? any clarify?

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