Question - Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,400 from renting the home. His other sources of income during the year were a salary of $112,750 and $31,200 of long-term capital gains.
How much of Anwer's $8,400 rental loss can he deduct currently if he has no sources of passive income?