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atroni [7]
3 years ago
8

This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in re

al estate rental activities. Juan, her husband, works 250 hours in the real estate development business and 180 hours in the real estate rental business. Maria earns $60,000 as a computer consultant, while she and Juan lost $18,000 in the real estate development business and $26,000 in the real estate rental business. How should they treat the losses?
Business
1 answer:
Gnesinka [82]3 years ago
7 0

Answer:

$ 25000 can be deducted under the exception for real estate

Explanation:

of the $26,000 real estate passive activity loss generated, $ 25000 can be deducted under the exception for real estate. The limit is of special allowance of  $25000.

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Creme Bakery just paid an annual dividend of $2.20 a share and is expected to increase that amount by 2.2 percent per year. If y
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4 years ago
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