Passive losses incurred in rental real estate activities are subject to a special deduction allowance...

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Accounting

Passive losses incurred in rental real estate activities are subject to a special deduction allowance in excess of passive income at the general partner level depending upon the level of the partner's adjusted gross income and whether they "actively participate" in the rental activity.
A. ?$10,000
B. ?$15,000
C. ?$20,000
D. ?$25,000
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