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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