The Jacksons, who file a joint return, actively participate in a solely-owned rental real estate activity that produces a $30,000 loss during the current year. Their adjusted gross income was $120,000 before considering the rental activity. How much of the rental loss, if any, are the Jacksons entitled to deduct?

a) $30,000
b) $25,000
c) $15,000
d) $0

Ans: c) $15,000

Business

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Industrial products firms or makers of other complex products favor a ____ strategy

Fill in the blank(s) with the appropriate word(s).

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When selecting a test market city, what should a researcher look for?

a. a city where there is no competition b. a city where the demographics and purchasing habits mirror the overall market for the product c. a city that is as large as possible d. a city that has media spillover from other cities to increase media alternatives

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