Susan Is the Owner of a 35-Unit Apartment Complex

question 20

Multiple Choice

Susan is the owner of a 35-unit apartment complex. She spends 950 hours a year managing the property. In addition, she works part-time for a mortgage company. She spends 1,150 hours a year as a bookkeeper at the mortgage company. The apartment complex generated a loss of $32,000, and Susan's adjusted gross income for the current year, before considering the apartment complex, is $48,000. How much of the loss can Susan deduct?

• A)$- 0 -
• B)$14,476
• C)$16,727
• D)$25,000
• E)$32,000

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Definitions:

Coerced

Compelled to act or make a decision through force or threats.

Mental Illness

Mental illness encompasses a wide range of mental health conditions that affect mood, thinking, and behavior.

Invalid

refers to something that is not legally or officially acceptable or that lacks legal force and effect.

Possessions

Items or assets owned by an individual or entity.