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Passive losses, which this would be, are deductible vs. passive income entirely and vs. non-passive income up to $25k in loss. This $25k in allowed loss vs. non-passive income is phased out as AGI climbs.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
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