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Noah, who has $68,200 of AGI before considering rental activities, has $61,380 of losses from a real estate rental activity in which he actively participates.
Noah, who has $68,200 of AGI before considering rental activities, has $61,380 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $34,100 of income. He has other passive activity income of $21,824. What amount of rental loss can be used to offset active or portfolio income?
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