Her loss for 2016 is 75000 and her adjusted gross income


Question - Lilia invested in rental real estate in 2016. Her loss for 2016 is $75,000 and her adjusted gross income for 2016 is $500,000. How much can she deduct as a loss in 2016? Please explain the answer.

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Accounting Basics: Her loss for 2016 is 75000 and her adjusted gross income
Reference No:- TGS02416698

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