Steve who is single has 100000 of salary 10000 of income


"Steve, who is single, has $100,000 of salary, $10,000 of income from a limited partnership, and a $25,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $25,000 loss, how much is deductible?"

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Financial Management: Steve who is single has 100000 of salary 10000 of income
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