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How much of the loss can she deduct against ordinary income

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Question - Ilene rents a property for the entire year. During the year, Ilene reported a net loss of $17,300 from the rental. If Ilene is an active participant in the rental and her AGI is $144,000, how much of the loss can she deduct against ordinary income in the year?

A - $17,300.

B - $14,300.

C - $3,000.

D - $0.

Reference no: EM132782156

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