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How much of the loss can Susan deduct

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Reference no: EM132493915

Question - Susan is the owner of a 35-unit apartment complex. She spends 950 hours a year managing the property. In addition, she works part-time for a mortgage company. She spends 1,150 hours a year as a bookkeeper at the mortgage company. The apartment complex generated a loss of $32,000, and Susan's adjusted gross income for the current year, before considering the apartment complex, is $48,000. How much of the loss can Susan deduct?

a. $-0 -

b. $14,476

c. $16,727

d. $25,000

e. $32,000

Reference no: EM132493915

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