Shaunda has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible loss is
A) $0.
B) $13,500.
C) $25,000.
D) $27,000.
C) $25,000.
Since her AGI is less than $100,000, she is allowed a $25,000 rental loss. She has a $2,000 suspended loss.
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