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Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,450 from renting the home. His other sources of income during the year were a salary of $114,000 and $27,500 of long-term capital gains. How much of Anwar's $8,450 rental loss can he deduct currently if he has no sources of passive income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968386

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