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Lucy has AGl of $133,000 before considering losses from some rental real estate she owns (she actively participates). She had the following losses from her

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Lucy has AGl of $133,000 before considering losses from some rental real estate she owns (she actively participates). She had the following losses from her rental property: Required: a. How much of the losses can Lucy deduct? b. If Lucy's AGI before the losses was $76,000, how much of the losses can she deduct? Complete this question by entering your answers in the tabs below. How much of the losses can Lucy deduct? Note: Do not round intermediate calculations and round your final answers to nearest whole dollar amount

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