It generates a loss of 18000 he has income from his job of
Question - Horatio owns a residential rental property. It generates a loss of $18,000. He has income from his job of $115,000. How much can Horatio deduct in the current year?
a. $0
b. $17,500
c. $18,000
d. $25,000
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question - horatio owns a residential rental property it generates a loss of 18000 he has income from his job of
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