Anne sells a rental house for 100000 adjusted basis of


Anne sells a rental house for $100,000 (adjusted basis of $55,000). During her ownership, $60,000 of losses have been suspended under the passive activity loss rules. Deteremine the tax treatment to Anne on the diposition of the property.

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Other Subject: Anne sells a rental house for 100000 adjusted basis of
Reference No:- TGS0634006

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