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Jonathan Abdelmalek purchased an apartment building three years ago. Jonathan is an active participant in the operation of the apartment building. The loss from the

Jonathan Abdelmalek purchased an apartment building three years ago. Jonathan is an active participant in the operation of the apartment building. The loss from the activity is $50,000 this year. He also earns a salary of $140,000 this year as a physician. What is the current tax impact of the loss?

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