What is the greatest amount of the rental loss

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Reference no: EM133612340

Question: Who is single and has AGI of $60,000 rents his second home. During the current year, he reported a $30,000 net loss from the rental. Assume that Frank actively participates in the rental activity. What is the greatest amount of the rental loss that Frank can deduct against ordinary income in the current year?

Reference no: EM133612340

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