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Joseph Has AGI of $170,000 Before Considering the $20,000 Rental

Question 42

Multiple Choice

Joseph has AGI of $170,000 before considering the $20,000 rental loss for property which he actively manages.How much of the rental loss can he deduct?


A) $0
B) $10,000
C) $20,000
D) $25,000

Correct Answer:

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