Explain how much is deductible

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Reference no: EM13101077

Q. Steve, who is single, has $100,000 of salary, $10,000 of income from a limited partnership and a $25,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $25,000 loss, explain how much is deductible?

Reference no: EM13101077

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