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Problem 4 - 1 4 Passive Loss Limitations ( LO 4 . 8 ) Walter, a single taxpayer, purchased a limited partnership interest in a
Problem Passive Loss Limitations LO Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in He also acquired a rental house in which he actively manages. During Walter's share of the partnership's losses was $ and his rental house generated $ in losses. Walter's modified adjusted gross income before passive losses is $ If an amount is zero, enter Question Content Area a Calculate the amount of Walter's allowable loss for rental house activities for
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