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Kate owns 25 real estate rental properties that she manages herself. She averages about 20 hours a week taking care of her properties. This year,
Kate owns 25 real estate rental properties that she manages herself. She averages about 20 hours a week taking care of her properties. This year, the rental properties produced a loss of $35,000. Kate also has pension and interest income of $55,000. How much rental property loss may Kate deduct on her return?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
