How much is deductible, Mike, who is single, has $100,000

How much is deductible

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Reference no: EM13905734

Mike, who is single, has $100,000 of salary, $15,000 of income from a limited partnership, and a $30,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $30,000 loss, how much is deductible?

$30,000

$10,000

$25,000

Reference no: EM13905734

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How much is deductible : Mike, who is single, has $100,000 of salary, $15,000 of income from a limited partnership, and a $30,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $30,000..

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