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In 2019, Susan, a single individual, reported the following items of income and deduction: (Click the icon to view the items.) Requirement (Click the
In 2019, Susan, a single individual, reported the following items of income and deduction: (Click the icon to view the items.) Requirement (Click the icon to view the standard deduction amounts.) Susan owns 100% and is an active participant in the rental real estate activity. What is her taxable income for 2019? Begin by determining whether Susan is entitled to a deduction for rental real estate activities. (Enter "0" if Susan is not eligible for the deduction.) The deduction for rental real estate losses is $ Now determine the taxable income for 2019. Begin by calculating the adjusted gross income (AGI). Adjusted gross income (AGI) . Choose from any list or enter any number in the input fields and then continue to the next question.
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