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Wayne Owns a Small Apartment Building That Produces a $45,000

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Wayne owns a small apartment building that produces a $45,000 loss during the year.His AGI before considering the rental loss is $85,000.Because Wayne is an active participant with respect to the rental activity, he may deduct the
$45,000 loss.

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Definitions:

Dramatic Personality Disorders

A cluster of disorders characterized by dramatic, emotional, or erratic behavior, including borderline, narcissistic, histrionic, and antisocial personality disorders.

Borderline

Pertaining to or characteristic of a borderline personality disorder, a mental health condition marked by unstable moods, behaviors, and relationships.

Narcissistic

Relating to narcissism, which involves excessive interest in or admiration of oneself and one's physical appearance.

Supertraits

Broad personality factors that encompass a range of more specific traits or behaviors.

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