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Russell and Shannon are married and file a joint return. Their MAGI is $79,000. Russell...

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Accounting

Russell and Shannon are married and file a joint return. Their MAGI is $79,000. Russell has losses of $ 18,000 from a rental activities in which he actively participates. Shannon has a $3,000 loss from a limited partnership in which she does not materially participate. What is the amount of their allowable passive loss?

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