Christian, a single taxpayer, acquired a rental house in 2004. The rental house, which Christian...
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Christian, a single taxpayer, acquired a rental house in 2004. The rental house, which Christian actively manages, generated a $15.000 loss in 2017. In addition, Christian owns a limited partnership interest which he acquired in 2009. His share of the partnership loss for 2017 is $10,000. Christian has modified adjusted gross income, before the rental loss and partnership loss, of $134,000. What is the amount of these losses that Christian may deduct in 2017?
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