Anwar owns a rental home and is involved in maintaining it, Financial Accounting

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Anwar owns a rental home and is involved in maintaining it

Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $10,500 from renting the home. His other sources of income during the year were a salary of $125,000 and $20,900 of long-term capital gains.

How much of Anwar’s $10,500 rental loss can he deduct currently if he has no sources of passive income?

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Financial Accounting: Anwar owns a rental home and is involved in maintaining it

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Financial Accounting: Anwar owns a rental home and is involved in maintaining it

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