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Ilene rents her second home. During the year, Ilene reported a net loss of $15,000...

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Accounting

Ilene rents her second home. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is an active participant in the rental and her AGI is $148,500, how much of the loss can she deduct against ordinary income in the year? Multiple Choice $750. $15,000. $14,250. $0.

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