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Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $12,100 from renting the home. His other sources of income during the year were a salary of $90,000 and $40,200 of long-term capital gains. How much of Anwer’s $12,100 rental loss can he deduct currently if he has no sources of passive income?

Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $12,100 from renting the home. His other sources of income during the year were a salary of $90,000 and $40,200 of long-term capital gains.

How much of Anwer’s $12,100 rental loss can he deduct currently if he has no sources of passive income?

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