Pablo, Who Is Single, Has $95,000 of Salary, $10,000 of Income

question 27

Multiple Choice

Pablo, who is single, has $95,000 of salary, $10,000 of income from a limited partnership, and a $27,000 passive loss from a real estate rental activity in which he actively participates.His modified adjusted gross income is $95,000.Of the $27,000 loss, how much is deductible?

• A)$0.
• B)$10,000.
• C)$25,000.
• D)$27,000.
• E)None of the above.

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