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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.


Definitions:

Median

The middle value in a list of numbers arranged in ascending order, or the average of the two middle numbers if the list has an even number of items.

Central Location

A central or typical value for a probability distribution, often represented by the mean, median, or mode.

Measure

A quantitative indication or estimation of a variable's extent, size, amount, or degree.

Histogram

A graphical representation of the distribution of numerical data, often showing bins or intervals and the count of observations within each.

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