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Mike, who is single, has $100,000 of salary, $15,000 of income from a limited partnership, and a $30,000 passive loss from a real estate rental activity in which he actively participates. His modified adjusted gross income is $100,000. Of the $30,000 loss, how much is deductible?
Data Bus
Multiplex backbone consisting of a twisted wire pair.
Non-Dedicated Wire
A wire within an electrical system that is not reserved for a single specific use or function.
Acid Tanker
A specialized tank truck designed for transporting acidic substances safely, featuring materials and construction that resist corrosion and damage from acids.
Stainless Steel
A corrosion-resistant alloy steel containing chromium, used in a wide variety of applications for its durability and appearance.
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