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Business, 20.11.2019 17:31 Scoopaloop

Arnold purchased two rental properties 6 years ago. he actively participates in their management. during 2018, arnold had income of $22,000 from one of the rentals. he had a loss from the other rental of $32,000, as well as salary income of $35,000, and dividend income of $2,000. what is arnold's net passive income or loss deduction?
a. $10,000 net loss
b. $32,000 net loss
c. $8,000 net loss
d. $22,000 net loss
e. none of these choices are correct.

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Arnold purchased two rental properties 6 years ago. he actively participates in their management. du...

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