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QUESTION 19 Nancy has active modified adjusted gross income before passive losses of $125,000. She has a loss of $15,000 on a rental property she

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QUESTION 19 Nancy has active modified adjusted gross income before passive losses of $125,000. She has a loss of $15,000 on a rental property she actively manages. How much of the loss is she allowed to deduct against the $125,000 of other income? a $12,500 b. $5,000 O c None Od. $2,500

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