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23-12-2022
Business

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during the current year, an individual who owns 100% interest in two rental real estate properties reports the following items: loss from rental estate property a (materially participates and performed 800 hours of service) ($20,000 ) loss from rental real estate property (actively participates) ($48,000 ) income from limited partnership (no material participation $12,000 income from dividends $15,000 what amount of the $68,000 loss may the taxpayer deduct this year?

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