Maria, a single taxpayer, had losses totaling $30,000 from a rental real estate activity in which she actively participated. Maria also had $15,000 of income from another rental real estate activity in which she actively participated. She acquired both investments in the current year. If Maria has no other passive income and adjusted gross income before passive losses of $70,000, how much loss from rental activities can she use to offset her portfolio and active income?

$25,000

Explanation:

The computation of the loss from rental activities is shown below

If there is any loss arise from the real estate with respect to the rental activity so the same would be deducted from the passive income

The losses till $25,000 would be used for offset active or the income of the portfolio

Hence, $25,000 would be the losses

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; communities of interest; i believe this is correct, plz check first good luck;