Jiu has $105,000 of losses from a real estate rental activity in which she actively participates. She has other rent income of $25,000 and other passive activity income of $32,000. Her AGI before considering these items of income and loss is $95,000.
Determine the following amounts for Jiu (ignoring the at-risk
rules):
a. Amount of loss deductible against other income
(active and portfolio): $
b. Suspended rental loss: $
ANSWER
The calculation of amount of loss deductible
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