MsPlant Owns and Actively Manages an Apartment Complex

question 30

Multiple Choice

Ms.Plant owns and actively manages an apartment complex.This year,the complex generated a $32,790 net loss.If Ms.Plant's AGI before considering this loss is $196,100 and she owns no other passive activities,how much of the loss is deductible this year?

• A)$0
• B)$25,000
• C)$32,790
• D)None of the above

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Definitions:

Expected Number

A statistical term referring to the average or mean value anticipated in a probability distribution or experiment outcome.

Breakdowns

Refers to the failure of a system, process, machinery, or equipment, leading to a halt in operations or productivity.

Routine Inspections

Regular, scheduled examinations or checks of equipment, facilities, or processes to ensure they are in good condition and comply with standards.

Depot Service

A support service that repairs and maintains equipment at a central location outside the customer's premises.