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Ilene rents her second home. During the year, Ilene reported a net loss of $18,700 from the rental. If Ilene is an active participant in

Ilene rents her second home. During the year, Ilene reported a net loss of $18,700 from the rental. If Ilene is an active participant in the rental and her AGI is $141,000, how much of the loss can she deduct against ordinary income in the year?

Multiple Choice

  • $0.
  • $4,500.
  • $14,200.
  • $18,700.

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