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SP'23 CPA Question #3

Sam rents his second home. During the current year, he reported a $40,000 net loss from the rental. Assume Sam actively participates in the rental activity and no phase-out limitations apply. What is the greatest amount of the rental loss that Sam can deduct against ordinary income in the current year?

Options:

a. $25,000

b. $40,000

c. $0

d. $5,000

3 comments

3 Comments

sususaya123456

Jul 16

lapor komandan DK

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