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Ned has active modied adjusted gross income before passive losses of $250,000. He has a loss of $15,000 on rental property he actively manages. How

Ned has active modied adjusted gross income before passive losses of $250,000. He has a loss of $15,000 on rental property he actively manages. How much of the loss is he allowed to take against the $250,000 of other income? a. $ 15,000 b. $ 10,000 c. $5,000 d. None

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