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Q2. Janelle owns an apartment building and incurred a $35,000 rental loss. Janelle has no other passive activities and is not a real estate professional.

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Q2. Janelle owns an apartment building and incurred a $35,000 rental loss. Janelle has no other passive activities and is not a real estate professional. She actively participates in renting the building. Her income is: Form W-2 wages $30,000 ScheduleCproprietorship90,000 ScheduleErentalloss35,000 What amount of rental loss is allowed

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