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Wendy is a single taxpayer with adjusted gross income of $92,300 for tax year 2015. She has rental income of $55,000 and rental expenses of

Wendy is a single taxpayer with adjusted gross income of $92,300 for tax year 2015. She has rental income of $55,000 and rental expenses of $80,000. What can Wendy report on her tax return given this situation?

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