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Janine is an engineering professor at Southern College. Her annual salary is $110,000. She owns two 3-unit apartment buildings near the university. Because of the
Janine is an engineering professor at Southern College. Her annual salary is $110,000. She owns two 3-unit apartment buildings near the university. Because of the proximity to the campus, Janine actively manages the property. During the current year, the rental of the property produced a $29,500 loss. How much of the loss can Janine deduct for the current year? Group of answer choices A. $14,750 B. $10,000 C. $29,500D. $20,000E. $25,000
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