Antonio, a single taxpayer, owns several rental properties and is actively participating in all of...

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Accounting

Antonio, a single taxpayer, owns several rental properties and is actively participating in all of them. He has $6,000 of prior unallowed losses and experienced a net loss of $5,500 on his rental properties in 2022. Antonio had other passive income of $22,975. What would be his overall passive gain or loss?
$11,500 loss.
$5,500 loss.
$11,475 gain.
$17,475 gain.

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