tichele is an active participant in the rental condominium property she owns. Duting the year,...
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tichele is an active participant in the rental condominium property she owns. Duting the year, the property generates a (\$16,500) loss, however, Michelle has suificient tax asis and at-fisk amounts to absorb the loss, If Michelle has $118,000 of solary, $10,300 of long-term capital gains, $3,300 of dividends, and no additional sources of income or eductions, how much loss can Michelle deduct? Multiple Choice 50, losses from rentel propenty are pessive losses ond can only be oftset by passive income. $7,300 59,200 $16500 None of the cheices we correct
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