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    Deductible loss and rental property

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    Using 2013 Tax Code:
    Shaunda has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible loss is:

    A. $0.
    B. $13,500.
    C. $25,000.
    D. $27,000.

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    Solution Summary

    This solution provides the correct answer, calculation, and explanation to the deductible loss question presented. This question is calculated using the 2013 income tax code.