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Javier owns a 10% interest in a limited partnership. During the year, the partnership generated a rental loss of $50,000. Javier had other sources of
Javier owns a 10% interest in a limited partnership. During the year, the partnership generated a rental loss of $50,000. Javier had other sources of income: Wages $65,000, interest income $5,000. How much of the rental loss can Javier use to offset his other income?
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5,000
10,000
50,000
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