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How much of the loss is she allowed to take

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Problem - Nancy has active modified adjusted gross income before passive losses of $75,000. She has a loss of $5,000 on a rental property she actively manages. How much of the loss is she allowed to take against the $75,000 of other income?

a. None

b. $2,500

c. $5,000

d. $10,000

Reference no: EM132674686

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