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Ilene rents her second home. During the year, Ilene reported a net loss of $8,400 from the rental. If Ilene is an active participant in

Ilene rents her second home. During the year, Ilene reported a net loss of $8,400 from the rental. If Ilene is an active participant in the rental and her AGI is $135,000, how much of the loss can she deduct against ordinary income in the year?

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