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14: Billy owns several parcels of rental real estate, and he actively participates in managing the properties. His total loss from these activities in 2018 is $30,000 and his AGI for 2018 is $110,000. How much of the disallowed loss from rental real estate activities may be carried over to future years

Respuesta :

Answer:

100%

Explanation:

Loss on rental real estate of 2018 can be 100% carried forward to the future year until other events happen in the future.

Total loss from rental real estate of 2018 provides deduction from tax in the future.

The annual gross income of 2018 does not create an impact on it.

Therefore 100% amount of $30,000 can be carried forward to future .

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