What is morts adjusted gross income for 2009 2010 and 2011


Mort is the sole owner of rental real estate that produces a net loss of $18,000 in 2009 and $20,000 in 2010 and income of $6,000 in 2011. His adjusted gross income, before considering the rental property for the years 2009 through 2011, is $120,000, $140,000, and $90,000, respectively.

  • What is Mort's adjusted gross income for 2009, 2010, and 2011 if he qualifies as a real estate professional?
  • What is Mort's adjusted gross income for 2009, 2010, and 2011 if he actively participates in the rental activity?

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Management Theories: What is morts adjusted gross income for 2009 2010 and 2011
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