Business
Business, 13.08.2020 03:01, YODIIZ6590

Barry is a lawyer. He owns ten apartment buildings that are managed by his brother's real estate business. At the end of the year the apartment buildings resulted in a $40,000 loss. Barry earned $80,000 in wages. His wife, Claire, earned $20,000 from her part time job. They had no other income. How much of the rental loss can Barry use to offset his current year income

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