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Martin had losses totaling $50,000 from rental real estate activity. His tax basis and at risk basis in this activity is $70,000. He also had
Martin had losses totaling $50,000 from rental real estate activity. His tax basis and at risk basis in this activity is $70,000. He also had $15,000 of income from another rental rea rental real estate loss that he can deduct this year? Assume his GI is $500,000. $0 $35,000 and $15,000 carried forward until used or the activity is sold $15,000 with the remaining loss carried forward and used against future passive income, and any remaining loss deducted when the activity is sold $65,000 Moving to another question will save this response. MacBook Pro
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