MCQs > Finance & Management > Federal Income Tax > How much can you take as a real-estate loss on an individual return?

Federal Income Tax MCQs

How much can you take as a real-estate loss on an individual return?

Answer

Correct Answer: The lessor of loss or $25,000 if AGI is less than $150,000 (assuming one files a joint return) unless one is a real-estate professional.

Explanation:

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Your Skill Level: Poor

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