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What is the amount of Helen passive loss deduction

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Problem - Helen, a single taxpayer, has modified adjusted gross income (before passive losses) of $126,000. During the tax year, Helen's rental house generated a loss of $15,000. Assuming Helen is actively involved in the management of the property, what is the amount of Helen's passive loss deduction from the rental house?

a. $0

b. $5,000

c. $10,000

d. $12,000

e. $13,000

Reference no: EM132704372

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