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Pablo, who is single, has $85,000 of salary, $15,000 of income from a limited partnership, and a $32,000 passive activity loss from a real estate
Pablo, who is single, has $85,000 of salary, $15,000 of income from a limited partnership, and a $32,000 passive activity loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $85,000. Of the $32,000 loss, how much is deductible
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