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Corina is the owner of Hollywood Hotel LLC, an all inclusive resort. The average customer stay is 12 days. Corina provides significant person services as
Corina is the owner of Hollywood Hotel LLC, an all inclusive resort. The average customer stay is 12 days. Corina provides significant person services as part of the customer experience. Corina invested $250,000 in the hotel along with securing a non-recourse loan for $8,000,000 from a national bank. In 20X1, Hollywood Hotel reported a loss of $429,000. What amount of the loss can Corina include in her total income for 20X1?
- A.
$0
- B.
$429,000
- C.
$250,000
- D. $179,000
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