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Ned has active modified adjusted gross income before passive losses of $160,000. He has a...

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Accounting

Ned has active modified adjusted gross income before passive losses of $160,000. He has a loss of $15,000 on rental property heactively manages. How much of the loss is he allowed to deduct against his other income? a. None b. $15,000 c. $10,000 d. $5,000

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