Solved: How much of anwers 8400 rental loss can he deduct currently, Accounting Basics

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How much of anwers 8400 rental loss can he deduct currently

Question - Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,400 from renting the home. His other sources of income during the year were a salary of $112,750 and $31,200 of long-term capital gains.

How much of Anwer's $8,400 rental loss can he deduct currently if he has no sources of passive income?

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Accounting Basics: How much of anwers 8400 rental loss can he deduct currently

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