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The equal QRS partnership had ($75,000) of rental real estate losses in the current year. Partner...

The equal QRS partnership had ($75,000) of rental real estate losses in the current year. Partner Q is the manager of the rental real estate properties for the partnership. Q’s AGI for the year is $134,000, but Q has no other passive income. How much of the losses can Q deduct?

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.. - Solutions Given data, The equal. GRS pastnership had C$75000) Of rental real estate losses in the current year. Sis AGLAllowable loss deduction against ordinary income for the year = 25000 - 17000 = $8000 Total passise loss de duction = 5000 to

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