How much of the loss is deductible this year

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Reference no: EM131292103

Selena Rodriguez owns and actively manages Lakeview Gardens, an apartment complex on Lake Lure. In 2013, Lakeview Gardens generated a $31,480 net loss. If Selena’s AGI before considering this loss is $175,500, and she owns no other passive activities, how much of the loss is deductible this year?

Reference no: EM131292103

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How much of the loss is deductible this year : Selena Rodriguez owns and actively manages Lakeview Gardens, an apartment complex on Lake Lure. In 2013, Lakeview Gardens generated a $31,480 net loss. If Selena’s AGI before considering this loss is $175,500, and she owns no other passive activities..

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