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How much is deductible

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Question - Israel, who is single, has $95,000 of salary, $30,000 of income from a limited partnership, and a $47,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $95,000. Of the $47,000 loss, how much is deductible?

a. $-0-.

b. $20,000.

c. $25,000.

d. $47,000.

e. None of the above.

Reference no: EM131767191

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