Answered

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Scott and Stacy are married, and they will file a joint return. Their modified adjusted gross income for the year is $185,000. They have an active participation rental real estate loss of $32,000. If they do not participate in any other passive activity, what is their adjusted special loss allowance for the year?
O $0
O $7,000
O $25,000
O $32,000

Sagot :

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