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Harvey Rents His Second Home

Question 14

Multiple Choice

Harvey rents his second home. During 2014, Harvey reported a net loss of $35,000 from the rental. If Harvey is an active participant in the rental and his AGI is $80,000, how much of the loss can he deduct against ordinary income in 2014?


A) $35,000
B) $25,000
C) $5,000
D) $0

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