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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Accounting Basics: It generates a loss of 18000 he has income from his job of
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