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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
31.  LO.8 Noah, who has $62,000 of AGI before considering rental activities, has
$70,000 of losses from a real estate rental activity in which he actively partici- pates. He also actively participates in another real estate rental activity from which he has $33,000 of income. He has other passive income of $20,000. What amount of rental loss can Noah use to offset active or portfolio income in the current year?
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