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Ilene rents her second home- During the year- Ilene reported a net los.docx

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Ilene rents her second home. During the year, Ilene reported a net loss of $15,300 from the rental. If Ilene is an active participant in the rental and her AGI is $145,500, how much of the loss can she deduct against ordinary income in the year? $15,300. $13,050. $2,250. $0. .

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Ilene rents her second home. During the year, Ilene reported a net loss of $15,300 from the rental. If Ilene is an active participant in the rental and her AGI is $145,500, how much of the loss can she deduct against ordinary income in the year? $15,300. $13,050. $2,250. $0.

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