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Please help, Income tax is the subject. Will give a thumbs up for your help. Appreciate it! :) Andy has a $40,000 loss from a

Please help, Income tax is the subject. Will give a thumbs up for your help. Appreciate it! :)

Andy has a $40,000 loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $70,000. Of the $40,000 loss, Andy may deduct

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