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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, of the special $25,000 allowance for rental real estate can Julie use from the rental activities to offset her wages
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