Pablo who is single has 95000 of salary 10000 of income


Question - Pablo, who is single, has $95,000 of salary, $10,000 of income from a limited partnership, and a $27,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $95,000. Of the $27,000 loss, how much is deductible?

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Accounting Basics: Pablo who is single has 95000 of salary 10000 of income
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