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Diego has an AGI of $120,000 before considering his $40,000 loss from rental property, which he actively manages. How much of the rental loss can
Diego has an AGI of $120,000 before considering his $40,000 loss from rental property, which he actively manages. How much of the rental loss can he deduct this year?
A) $15,000 B) $20,000 C) $25,000 D) $40,000
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