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Harvey rents his second home. During the year, Harvey reported a net loss of $52,500 from the rental. If Harvey is an active participant in
Harvey rents his second home. During the year, Harvey reported a net loss of $52,500 from the rental. If Harvey is an active participant in the rental and his AGI is $92,800, how much of the loss can he deduct against ordinary income for the year? (Enter only numbers with no dollar signs or other punctuation.)
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Financial Accounting Information For Decisions
Authors: Robert W. Ingram, Bruce Baldwin
4th Edition
0324069545, 978-0324069549
