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Multiple Choice 4-21 Passive Loss Limitations (LO 4.8) Nancy has active modified adjusted gross income before passive losses of $75,000. She has a loss of
Multiple Choice 4-21 Passive Loss Limitations (LO 4.8) Nancy has active modified adjusted gross income before passive losses of $75,000. She has a loss of $5,000 on a rental property she actively manages. How much of the loss is she allowed to take against the $75,000 of other income? Oa. $10,000 Ob. $5,000 Oc. $2,500 x Od. None of these choices are correct
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