Anwar owns a rental home and is involved in maintaining it and approving renters. During...
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Accounting
Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $12,500 from renting the home. His other sources of income during the year were a salary of $115,750 and $23,600 of long-term capital gains.
How much of Anwars $12,500 rental loss can he deduct currently if he has no sources of passive income?
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