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Julie is single and has 90,000 of wages, $10,000 of rental income from property A and $40,000 of rental loss from property B. Julie is
Julie is single and has 90,000 of wages, $10,000 of rental income from property A and $40,000 of rental loss from property B. Julie is an active participant in both properties A and B. What amount, if any can Julie use from the rental activities to offset her wages? a) 0 b)17,500 c) 25,000 d) 30,000
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