Question
Ilene rents her second home. During the year, Ilene reported a net loss of $16,100 from the rental. If Ilene is an active participant in
Ilene rents her second home. During the year, Ilene reported a net loss of $16,100 from the rental. If Ilene is an active participant in the rental and her AGI is $132,500, how much of the loss can she deduct against ordinary income in the year?
and its not 7350
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
