Taylor is a software engineer and has AGI of $140,000 before considering rental income. They...

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Accounting

Taylor is a software engineer and has AGI of $140,000 before considering rental income. They also own a single-family residential rental that they actively manage.
They have a net rental loss of $25,000. How much of the rental loss may Taylor deduct on their return, assuming they have no other income or loss?
a. $5,000
b. $0
C. $20,000
d. $25,000
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