billy is a single taxpayer with modified AGI of 140,000 and an active participation rental...
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Accounting
billy is a single taxpayer with modified AGI of 140,000 and an active participation rental real estate loss of 30,000. Assuming he has no other source of passive income, what is his adjusted special loss allowance? a. 0 b. 5000 c. 10000 d. 15000
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