Question
stella files single in 2021she has $70,000in wages, $15,000income from a limited partnership and a $26,000 loss from rental real estate she actively participates in
stella files single in 2021she has $70,000in wages, $15,000income from a limited partnership and a $26,000 loss from rental real estate she actively participates in How can she apply the loss $ A she can apply $15,000 of the loss to offset the passive partnership income Since she actively participate din the rental she can use remaining $ 11,000 losses to offset wages B she can apply $ 15,000 of loss offset passive partnership income she is required to carry forward remainder to 2022 C she can apply $15,000 to offset passive partnership income the remainder of the loss is disallowed D she cannot apply loss to 2021 but can carry it forward to 2022 and use it to offset income from her rental activity in a future year
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