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Ella has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rental income of $25,000 and other
Ella has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rental income of $25,000 and other passive income of $32,000. How much rental loss can Ella deduct against active and portfolio income (ignoring the at-risk rules)? Does she have any suspended losses to carry over? Explain.
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