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Mia B. is a single taxpayer and owns two rental properties with an aggregate loss of $50,000. Mia B. actively participates in both rental properties.

Mia B. is a single taxpayer and owns two rental properties with an aggregate loss of $50,000. Mia B. actively participates in both rental properties. Mia's modified adjusted gross income for the year is $95,000. What is the maximum amount of loss Mia's is allowed to deduct for the current year? Would your answer change if her MAGI was $170,000?

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