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Susan Is the Owner of a 35-Unit Apartment Complex

question 20

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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?


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The process of critically evaluating the content, quality, and relevance of media productions such as films, books, news, etc.

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Relating to the government, public affairs, or the administration of the state or other policy-making entities.

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Refers to the science concerned with the production, distribution, and consumption of goods and services.

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The quality of being honest or truthful in one's statements or actions.

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