In the Current Year, Kelly Had a $35,000 Loss from a Real

question 18

True/False

In the current year, Kelly had a $35,000 loss from a real estate rental activity in which she is a 10% owner. If she is an active participant and if her modified AGI is $100,000, she can deduct $25,000 of the loss.

---

Definitions:

Gender Identity

An individual’s personal sense of their own gender, which may or may not correspond with their birth sex.

Biological Sex

The classification of an individual as male or female based on their anatomy and reproductive system.

Androgynous

Exhibiting characteristics or qualities that are not conforming to traditional gender distinctions, but rather blending or having features of both genders.

Personal Attributes Questionnaire

A psychological assessment tool used to measure personality traits and personal attributes.