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Today Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $12,000
Today Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $12,000 from renting the home. His other sources of income during the year are a salary of $111,250 and $30,700 of long-term capital gains.
How much of Anwer's $12,000 rental loss can he deduct currently if he has no sources of passive income?
Deductible rental loss ?
$ 4,025
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