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How much of the loss can he deduct against ordinary income

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Question - Harvey rents his second home. During 2009, Harvey reported a net loss of $35,000 from the rental. If Harvey is an active participant in the rental and his AGI is $80,000, how much of the loss can he deduct against ordinary income in 2009?

A. $25,000

B. $5,000

C. $35,000

D. $0

Reference no: EM131802599

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