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Business, 13.03.2020 01:30 jazzy4713

Carey, a single taxpayer, purchased a rental house, which he actively manages. During the year Carey had a loss of $14,000 from the rental house. If Carey's adjusted gross income is $40,000 before the rental loss, what is the amount of Carey's allowable deduction from form 8582 for the rental activity?

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Carey, a single taxpayer, purchased a rental house, which he actively manages. During the year Carey...
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