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Question 10 of 15. Mitch and Sydney are married and will file a joint return. Their modified adjusted gross income is $98,000. Mitch has losses
Question 10 of 15. Mitch and Sydney are married and will file a joint return. Their modified adjusted gross income is $98,000. Mitch has losses of $12,000 from rental activities in which he actively participates. Sydney has a $1,000 loss from a limited partnership in which she does not materially participate. What is the amount of their allowable passive loss? $0 $11,000 $12,000 $13,000 OMark for follow up
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