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tephen and Derek are married and filing a joint return. Their modified adjusted gross income is $90,000 . Stephen has a 3,000 loss from a

tephen and Derek are married and filing a joint return. Their modified adjusted gross income is

$90,000

. Stephen has a 3,000 loss from a rental activity in which he actively participates. Derek has

$5,000

in income from a limited partnership in hich he does not materially participate. The rest of their income is derived from wages.\ much of the passive loss from the rental activity may be used to reduce their income from wages?\

$0

\

$5,000

\

$8,000

\

$13,000
image text in transcribed
ephen and Derek are married and filing a joint return. Their modified adjusted gross income is $90,000. Stephen has a 3,000 loss from a rental activity in which he actively participates. Derek has $5,000 in income from a limited partnership in ich he does not materially participate. The rest of their income is derived from wages. w much of the passive loss from the rental activity may be used to reduce their income from wages? $0 $5,000 $8,000 $13,000

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