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Business, 15.04.2020 22:20 Darkknighta26

Michelle is an active participant in the rental condominium property she owns. during the year, the property generates a ($16,900) loss; however, michelle has sufficient tax basis and at-risk amounts to absorb the loss. if michelle has $116,900 of salary, $13,800 of long-term capital gains, $3,950 of dividends, and no additional sources of income or deductions, how much loss can michelle deduct?

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Michelle is an active participant in the rental condominium property she owns. during the year, the...
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